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Old 05-28-2016, 08:17 AM   #21
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You guys look great!

While wifey is working and you are not would not be a good time to ask wifey to cut expenses...

Have Fun!
Good advice.

Also, meet her at the car when she comes home. Carry her things in. Make sure the house is pristine when she walks in the door at the end of her work day. Cook dinner. Tell her not to worry about the dishes since you'll be doing them. Rub her feet. In the morning, volunteer to put her things in the car as she's getting ready to leave. Do everything you can to make her feel even more spoiled than usual.

Trust me on this.
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Old 06-27-2016, 03:06 PM   #22
Confused about dryer sheets
 
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One of the first choices I need to make is wether to take my pension as an annuity or lump sum.

Lump Sum = $229,865
Single Life = $19286 (8.39% return)
The 100% survivor option = $16819 (7.31%)

Given we have no other source of guaranteed income until I reach SS age in 5 years, I am very strongly leaning toward the 100% survivor option. There is no COLA provision.

What does everybody think?
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Old 06-27-2016, 04:15 PM   #23
Recycles dryer sheets
 
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Good advice.

Also, meet her at the car when she comes home. Carry her things in. Make sure the house is pristine when she walks in the door at the end of her work day. Cook dinner. Tell her not to worry about the dishes since you'll be doing them. Rub her feet. In the morning, volunteer to put her things in the car as she's getting ready to leave. Do everything you can to make her feel even more spoiled than usual.

Trust me on this.
Heck, I'd rather go back to work.
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Old 06-27-2016, 04:48 PM   #24
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Your "return" includes return of principal. I don't have the skills to calculate your real return on the $229,865.
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Old 06-27-2016, 05:23 PM   #25
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Just plugging 229,865 premium into immediateannuities.com (assuming you are 57 and DW is 56) indicates that your employer may be offering you an attractive deal on the 100% survivor option. Play around there and see what you could get on the open market.
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Old 06-27-2016, 05:29 PM   #26
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Originally Posted by yomama604 View Post
One of the first choices I need to make is wether to take my pension as an annuity or lump sum.

Lump Sum = $229,865
Single Life = $19286 (8.39% return)
The 100% survivor option = $16819 (7.31%)

Given we have no other source of guaranteed income until I reach SS age in 5 years, I am very strongly leaning toward the 100% survivor option. There is no COLA provision.

What does everybody think?
Take the 100% survivor option. I'm assuming there is no time limit on it.
When I enter your money lumpsum for https://www.immediateannuities.com with suvivorship I get a low value of $10,968 / yr.

So your Pension is much better than you can buy with cash.
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Old 06-28-2016, 09:38 AM   #27
Confused about dryer sheets
 
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Thanks for the feedback. My company is referring to the annuity as an 'enhanced annuity', they seem to be adding an extra payment on top of the base annuity payment. Which is why it is much better payout than what any of the annuity websites estimate.
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Old 06-28-2016, 08:24 PM   #28
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From my experience, the 100% survivor option had been the best thing for piece of mind that we have. You dont have to worry about investing the lump sum or paying the taxes on it. And knowing that there will always be the payment on the first of the month is reassuring.
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