Lump sum arrived....lets do an experiment
So my lump sum payout from a small DB pension just arrived. I did lots of maths and decided that I have enough pension and SS type income already and that I might as well take the lump sum from this comparatively small pension.
I'm 53 and the benefit would have been a single life $471/month at age 65. I received a lump sum of $35k and just put it all into a new fund, Vanguard Balanced Admiral Index. I'll leave it alone, reinvest dividends and report back in 12 years and see if it was worth it.......
If I can average 5% return it will work out to the same as the pension.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS