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re: Pension Lump sum question
Posted on 10/19/23 at 8:52 am to meansonny
Posted on 10/19/23 at 8:52 am to meansonny
Appreciate any and all views fellas, so thanks to all.
Wife and I are not big travellers but a few beach trips/ Carribean/Key West getaways are our retirement wants
Hunting/fishing type of guy, so land purchase could be an option. We consider ourselves in our forever home, so no beach condos, etc on our horizon for investment purposes.
We lead a fairly nice, simple life and are both in good health. The thoughts of being indebted to the system with regards to our home trouble me, with the way things are headed in the world/U.S. Knowing our home is ours for good would relieve alot of troubling fears in my mind. But if it costs too much future financial potential then it probably isn’t the right move. Just really torn on this
Wife and I are not big travellers but a few beach trips/ Carribean/Key West getaways are our retirement wants
Hunting/fishing type of guy, so land purchase could be an option. We consider ourselves in our forever home, so no beach condos, etc on our horizon for investment purposes.
We lead a fairly nice, simple life and are both in good health. The thoughts of being indebted to the system with regards to our home trouble me, with the way things are headed in the world/U.S. Knowing our home is ours for good would relieve alot of troubling fears in my mind. But if it costs too much future financial potential then it probably isn’t the right move. Just really torn on this
1
Posted on 10/20/23 at 7:26 am to AUTimbo
Don't be troubled. Keep the pension invested and you will come out ahead of a 3.25% mortgage. You should always consider what else you can do with the money. You can convert it to another product like an an IRA if you are not comfortable leaving it at your old company. Keeping it invested is best for the long term..
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