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Started By
Message
re: Pension or Lump Sum?
Posted on 11/15/18 at 8:01 am to LSU82BILL
Posted on 11/15/18 at 8:01 am to LSU82BILL
quote:
This is the conventional approach. But if you invest too conservatively in retirement, you run the risk that your savings are outpaced by inflation and, depending on your spending habits, you may outlive your savings.
That is only the risk if you plan poorly. Why would one track inflation and other factors only until retirement and then stop? You aren't ready for retirement unless you already have that covered.
0
Posted on 11/15/18 at 8:52 am to Enadious
Whats your age? When would you get the lump sum? When will you need income?
I'll give you some numbers to help your decision
I'll give you some numbers to help your decision
Posted on 11/15/18 at 11:03 am to wasteland
quote:
One thing absent the discussion so far is the impact rising interest rates have on your lump sum distribution. It can be significant. If you haven’t asked asked the benefits people how interest rates impact, you may want to do so. Interest rates will likely be higher in a year and that will negatively impact the lump sum. The difference could be in the six figures, depending on the rate increase. Just something to be aware of.
This....you need to retire before November 30 to avoid a huge hit to your lump sum....or wait until next November for it to recover.
Do you work for Entergy?
Posted on 11/16/18 at 6:40 am to Enadious
My advice...publish one of your first(and greatest) literary works - 'Nutsack sandwich ~1992', and reap the royalties for years!
I'd take the lump sum
I'd take the lump sum
Posted on 11/16/18 at 9:01 am 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?
2008 is when I made the most money. Didn't pull anything out, rode it out and shoveled money IN.
I took a lump sum buyout almost 3 years ago and am glad I did. You didn't take into account a possible divorce. Take the lump sum. Many companies are starting to offer it.
Posted on 11/16/18 at 9:09 am to tigerlife00
quote:
My advice...publish one of your first(and greatest) literary works - 'Nutsack sandwich ~1992', and reap the royalties for years! I'd take the lump sum
Wow, that's a blast from the past!!!
I had forgotten about that one. I wish I still had a copy.
Posted on 11/29/18 at 10:06 am to TheOutsiders
Are you asking if I work for Entergy? I do not. I have taken on many Entergy clients recently
Posted on 11/29/18 at 10:19 am to Decisions
quote:
Lump sum and invest the money in some income producing assets (apartments, farmland, Chic-Fil-a franchise, whatever).
^^^^^^^^^^^^^^^^^^^^THIS^^^^^^^^^^^^^^^^^^^^^^^^^
Posted on 11/29/18 at 1:14 pm to Enadious
Take lump sum.
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