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re: Need advice on pension benefit

Posted on 10/24/12 at 4:26 pm to
Posted by lsu1987
Baton Rouge
Member since Dec 2005
441 posts
Posted on 10/24/12 at 4:26 pm to
Annuity paid at age 65 will be $1531 per month

Like I said in OP, I am leaning towards a self directed IRA. I already have two rollover IRAs now with ING and Morgan Keegan, primarily in mutual funds. I want to manage this money myself. Is Vangard a good company for self directed IRA's?
This post was edited on 10/24/12 at 4:35 pm
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 10/24/12 at 4:48 pm to
quote:

Annuity paid at age 65 will be $1531 per month


Are you married? Will the annuity still pay the $1531 if you or your wife passes? How long is the payout period? Life for both?

If yes to all the above, I would leave that moneys there. That $1500 along with SS at 65 should put you fairly good to start with.
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