Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
found a small pension
Old 07-22-2013, 10:31 AM   #1
Recycles dryer sheets
 
Join Date: Aug 2010
Posts: 359
found a small pension

DW's company stopped pension benefits a number of years ago. She never thought about it much until last week, I asked her to call and check.

Turns out if she retires next year, she can still get about $150 each month, or $28,000 lump sum. Nice to have a little found money. We may just take the lump sum and go on a few trips after retirement.
__________________

__________________
fh2000 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-22-2013, 11:24 AM   #2
Recycles dryer sheets
robbridg's Avatar
 
Join Date: Sep 2010
Location: Allen Park
Posts: 118
nice surprise indeed
__________________

__________________
robbridg is offline   Reply With Quote
Old 07-22-2013, 11:30 AM   #3
Thinks s/he gets paid by the post
powerplay's Avatar
 
Join Date: Oct 2008
Posts: 1,380
What a nice surprise. Hope you enjoy your trips with the found money.
__________________
powerplay is offline   Reply With Quote
Old 07-22-2013, 12:20 PM   #4
Moderator Emeritus
Bestwifeever's Avatar
 
Join Date: Sep 2007
Posts: 16,373
Sweet!
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
Bestwifeever is offline   Reply With Quote
Old 07-22-2013, 12:47 PM   #5
Recycles dryer sheets
FinancialDave's Avatar
 
Join Date: Nov 2012
Location: Olympia
Posts: 110
Don't forget if you take the lump sum the employer is going to withhold 20% for taxes, or $5600.
__________________
FinancialDave is offline   Reply With Quote
Old 07-22-2013, 01:17 PM   #6
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,846
Quote:
Originally Posted by fh2000 View Post
Turns out if she retires next year, she can still get about $150 each month, or $28,000 lump sum. Nice to have a little found money.
What a wonderful surprise! Sounds like today has been a very nice day for the fh2000 household.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 07-22-2013, 02:14 PM   #7
Recycles dryer sheets
 
Join Date: May 2011
Posts: 154
That is soo nice! You can invest if you want or if there is something she/you have been wanting for a long time this could your opportunity.
__________________
heirloom is offline   Reply With Quote
Old 07-22-2013, 02:59 PM   #8
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 2,258
Sweeeet!!
__________________
tmm99 is online now   Reply With Quote
Old 07-22-2013, 04:59 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
 
Join Date: May 2008
Location: Following the nice weather
Posts: 6,422
Quote:
Originally Posted by FinancialDave View Post
Don't forget if you take the lump sum the employer is going to withhold 20% for taxes, or $5600.
Not necessarily. It's likely the lump sum pension can be rolled into an IRA. Taxes will still have to be paid eventually, but maybe the money can be left there and some after tax dollars can pay for the trips.

Personally, I'd take the pension. $150/month will pay for a couple of nice dinners out each month. And in 10 -15 years it will still probably buy a couple of six-packs of decent beer.
__________________

__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers, or maybe Sam Clemens
DW and I - FIREd at 50 (7/06), living off assets
harley is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 07:34 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.