Retiring next year

[born2Bwild]

Has anyone opted for a lump sum pension, reinvested it, and started receiving an annuity? What are the pros and cons of going this route?
thank you

 

[DELACROIX]

Has anyone opted for a lump sum pension, reinvested it, and started receiving an annuity? What are the pros and cons of going this route?
thank you

Wrong site…

 

[IVE GOTTA PACKAGE 4U]

Has anyone opted for a lump sum pension, reinvested it, and started receiving an annuity? What are the pros and cons of going this route?
thank you

Many pensions do not have that feature

So I can tell you this this is the wrong time to take a lump sum payment because the interest rates are so high right now it will reduce your lump sum

 

[IVE GOTTA PACKAGE 4U]

Wrong site…

Thanks Dave


JK

 

[IVE GOTTA PACKAGE 4U]

How to Choose Between a Pension and Lump Sum Payout

Retirees often face a tough decision: Take cash now or over time

www.aarp.org

 

[born2Bwild]

Thanks for the replies

 

[IVE GOTTA PACKAGE 4U]

Thanks for the replies

Go spend a couple hundred bucks and buy an hour of a financial planner's time


This is very big decision and you cannot afford to make a mistake

The best of luck to you my friend

 

[DELACROIX]

Go spend a couple hundred bucks and buy an hour of a financial planner's time


This is very big decision and you cannot afford to make a mistake

The best of luck to you my friend

He should save his money and just listen to us....what can go wrong...

 

[IVE GOTTA PACKAGE 4U]

He should save his money and just listen to us....what can go wrong...

I'm not picking on him but I'm very surprised at how cool those people are when it comes to retirement

Just like why tell the urine guys are working I probably have to work a little bit longer than the plan on unless you save a lot more because the penalties are steep

 

[Coldworld]

I'm not picking on him but I'm very surprised at how cool those people are when it comes to retirement

Just like why tell the urine guys are working I probably have to work a little bit longer than the plan on unless you save a lot more because the penalties are steep

If the rates were lower and your plan offered a lump sum would you take it?

 

[burrheadd]

I'm not picking on him but I'm very surprised at how cool those people are when it comes to retirement

Just like why tell the urine guys are working I probably have to work a little bit longer than the plan on unless you save a lot more because the penalties are steep

@Wally need a little translation help
After that last beer went all haywire

 

[Wally]

I'm not picking on him but I'm very surprised at how cool those people are when it comes to retirement

Just like why tell the urine guys are working I probably have to work a little bit longer than the plan on unless you save a lot more because the penalties are steep

@Wally need a little translation help

And now a Wallation:
This may come across as crass, and my intentions are not to single anyone person out, however, I'm taken back by the cavalier attitude the younger generation seems to take in terms of their eventual retirement.

They seem to be unaware of this simple fact, one must prepare now for the future, saving much more than most, if you wish to retire early. The cost of early retirement is more than most prepare for due the harsh penalties associated.

 

[burrheadd]

And now a Wallation:
This may come across as crass, and my intentions are not to single anyone person out, however, I'm taken back by the cavalier attitude the younger generation seems to take in terms of their eventual retirement.

They seem to be unaware of this simple fact, one must prepare now for the future, saving much more than most, if you wish to retire early. The cost of early retirement is more than most prepare for due the harsh penalties associated.

 

[Coldworld]

And now a Wallation:
This may come across as crass, and my intentions are not to single anyone person out, however, I'm taken back by the cavalier attitude the younger generation seems to take in terms of their eventual retirement.

They seem to be unaware of this simple fact, one must prepare now for the future, saving much more than most, if you wish to retire early. The cost of early retirement is more than most prepare for due the harsh penalties associated.

PEER 80 now entering the chat.....

 

[Over70irregs]

PEER 80 now entering the chat.....

Peer 80 the holy grail