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re: Need advice on pension benefit

Posted on 10/24/12 at 3:31 pm to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65142 posts
Posted on 10/24/12 at 3:31 pm to
quote:

Annuities are generally not a very good deal. You've got 18 more years to build up your retirement fund. Roll it over into a qualified plan and then continue to make contributions.


I can't agree with this. What if his payout is going to be $2000 per month? We just don't have enough info.
Posted by lsu1987
Baton Rouge
Member since Dec 2005
442 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
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