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Lump sum arrived....lets do an experiment
Old 01-09-2015, 03:00 PM   #1
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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.
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Old 01-09-2015, 03:24 PM   #2
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that sounds about right
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Old 01-09-2015, 08:27 PM   #3
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Didn't you consider investing it in a used Corvette?
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Old 01-09-2015, 10:57 PM   #4
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Quote:
Originally Posted by Rick_Head View Post
Didn't you consider investing it in a used Corvette?
If I could have a Corvette in an IRA that would be great....actually a classic might be an alternative investment.
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Old 01-09-2015, 11:05 PM   #5
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Good plan !
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