First, name a beneficiary. Right now. Even if it’s just a placeholder. It’s easier than choosing a Netflix movie. Second, if you have a spouse, talk about the joint-life option. It might mean a slightly smaller sandwich today, but it prevents your partner from being hungry tomorrow.
And finally, remember that your pension isn’t just for you—it’s a little love letter to the people stuck dealing with your estate. Don’t let it become a nasty surprise. Because nothing says “I love you” like leaving a well-planned, tax-efficient pile of cash behind.
So go ahead, smile at the thought. Your pension is a cozy blanket you’ll leave behind. Just make sure your loved ones know where to find it, and how to use it—without having to decipher a spreadsheet from the 1980s.
