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re: Offered lump sum payment for old pension. Should I take it? (Im only 36)
Posted on 4/19/16 at 8:45 am to baldona
Posted on 4/19/16 at 8:45 am to baldona
quote:
Just remember, that once you die the company keeps the money if you keep it with them. You get to pass on the principal of it is yours.
I'm in this camp. Take the lump sum, put it into a retirement account. I'd rather have funds under my control for the next 20-30 years than a minimal annuity at a future age I might not even reach.
1
Posted on 4/19/16 at 8:58 am to hungryone
quote:
Just remember, that once you die the company keeps the money if you keep it with them.
quote:
than a minimal annuity at a future age I might not even reach.
You both realize the mortality risk associated is included in the lump sum payout right? As in, this payout is reduced by an amount to equal the potential death during deferment
Choosing hte lump sum or the annuity should mathematically be near equal in value. This is a utility argument. Do you value the annuity or lump sum more right now?
This post was edited on 4/19/16 at 9:01 am
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