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re: Pension or Lump Sum?
Posted on 11/13/18 at 4:24 pm to Enadious
Posted on 11/13/18 at 4:24 pm to Enadious
quote:
Okay, you take the bird in hand that could correct by 33% (like in 2008) over a sure 60K no matter what?
Yes. Because the "sure 60K" is losing money - or treading water - 10 years out of 12, isn't heritable, isn't an asset, cannot be invested, cannot beat inflation (if inflation spikes), etc., etc.
Again, ask me about 85k or 90k - MUCH harder question. But, $1m over $60k/year like I said - EVERY time.
1
Posted on 11/13/18 at 4:29 pm to Ace Midnight
quote:
gain, ask me about 85k or 90k - MUCH harder question. But, $1m over $60k/year like I said - EVERY time.
Me too, for myself, considering my spouse and no children. But I know I'm not going to feel pressured to pay for any adult children's sudden lifestyle mess & resulting divorce, my grandkids' stint in rehab, get the itch to play "generous grandparent" and buy a college senior a new car.....
Again, OP needs to be entirely honest with himself. Can he be trusted to live on the earnings alone and not keep whittling away at the principal?
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