10/09/2026
Miss the deadline and the plan chooses for you. 🚨
If you're a Fitzgerald Mercy Hospital employee, your pension is being terminated and you have until October 20th to make one of the most consequential financial decisions of your life.
Three options are on the table: a lump sum, rolling the money into an IRA, or locking in a guaranteed monthly annuity for life.
The right answer looks different for everyone. Your age, your health, your spouse's needs, and your current tax picture all factor in.
What a lot of people don't think through until it's too late:
The lump sum feels exciting, but if you receive it incorrectly, you could face a large and unexpected tax bill that same year.
The lifetime annuity provides guaranteed income for as long as you live, the kind of steady paycheck in retirement that far more retirees wish they had.
Rolling into an IRA keeps your options open, but it puts the responsibility of managing that money squarely on your shoulders.
And if October 20th passes without a decision? The plan's default option takes over automatically, and that default may not fit your situation at all.
Don't let a deadline make this choice for you. Schedule a call with Brendon before October 20th and let's review your actual numbers together.
Website includes Terms of Service and Privacy Policy. Contact form includes consent disclosure: 'By using this form you agree with the storage and handling of your data by this website.' TV/media appearances noted as paid content: 'Paid for by: Marketing Huddle'.
Compass Financial Solutions, Inc. is a financial advisor serving individuals, families, and business owners across all life stages seeking financial security and retirement planning.
