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In this video, Eric from Jazz Wealth Managers discusses important considerations for those nearing retirement with a pension. He emphasizes the necessity of planning beyond just having a pension, which provides a fixed income. Eric highlights three key points to consider: first, assess your liquidity sources; having additional funds available is crucial since pensions alone may not meet all financial needs. He suggests that individuals should not solely rely on their pension, as it might not provide enough flexibility for unexpected expenses or changes in lifestyle. Overall, he stresses the importance of a comprehensive retirement strategy that includes various financial resources.
