Midpack
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I'd encourage you to look for yourself, starting here https://www.immediateannuities.com/.As all the experts are here on this, I thought I would throw mine out there.
I kept this with the Utility Co when I left as it had a 5.25% return.
For 2015 it will grow at 5%. Most everyone else rolled it into their IRA.
But I like the safe return. I can project it out into the future, but here is what it looks like if I were to take it today at 53. Non COLA. / Un Cola.
This was a huge part of the retirement plan when I joined the Co in 84.
Then it was whittled down through the yrs. based on age rather than yrs of service. Or a combination of both. Point systems etc.
Cash balance $267,959.14
annuity option.
Spouse`s Pension: $1,329.84 / $664.92
75% Contingent Annuity: $1,241.54 / $931.16
100% Contingent Annuity: $1,214.68 / $1,214.68
I have talked about this here in the past, still undecided as to which way to go.
How does this look compared to most? About average? Below average?
Thanks!
While I don't think anyone would deliberately give you bad advice, there are some "experts" here who provide [-]outright wrong[/-] poorly thought out answers some times. I'd want to "see the work" myself if it was me, too important to trust to strangers...
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