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re: Pension or Lump Sum?
Posted on 11/13/18 at 4:04 pm to PlanoPrivateer
Posted on 11/13/18 at 4:04 pm to PlanoPrivateer
Lump sum would likely be considered a rollover into an IRA.
Then I wouldn’t take quite $60k out per year just yet, probably more like $48k to start and then increase that by 3% per year. I’d also buy life insurance to protect that principal for my beneficiaries.
I’d also hire a competent advisor to manage the $ (interview several and see what the propose).
Then I wouldn’t take quite $60k out per year just yet, probably more like $48k to start and then increase that by 3% per year. I’d also buy life insurance to protect that principal for my beneficiaries.
I’d also hire a competent advisor to manage the $ (interview several and see what the propose).
1
Posted on 11/13/18 at 4:16 pm to Shepherd88
I guess you can tell I'm more of a 'bird in the hand' type guy. Knowing that a check will show up in the mail every month could help me sleep at night. I just worry being too conservative with put me in the poorhouse in 20 years if inflation cuts my pensions buying power to 25%
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