Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Lump Sum Pension Decision for a 39 year old, advice appreciated
Old 07-05-2016, 09:45 PM   #1
Dryer sheet wannabe
Join Date: Aug 2013
Posts: 24
Lump Sum Pension Decision for a 39 year old, advice appreciated

I am 39, FIREed for a while now, and have been offered a lump sum payment for my pension.

Would love some thoughts and advice on the following options.

Option 1 - take lump sum Sept 1st of $100,514 (I think/assume I can simply roll this into an IRA and let it grow tax deferred?)

Option 2 - take benefits starting 9/1/2016 $388/month (life annuity guaranteed 60 payments)

current option 3 (if I do nothing by mid august which is deadline for choosing either of the first two options) - take benefits starting 9/1/2041 of 2,480 (life annuity guaranteed 60 payments)

quick facts -
Current work related income is 0, net worth is approx 7MM.

I introduced myself in the past in case it is pertinent here:

FIREd at 37 with Net Worth of approx 5MM comments/criticism welcome
sonomaguy 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 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!


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

Similar Threads
Thread Thread Starter Forum Replies Last Post
Decision on pension lump sum vs. annuity convergent FIRE and Money 11 06-20-2016 06:54 PM
Decision Time: Pension Payout Annuity vs Lump Sum Renewed FIRE and Money 33 01-29-2015 12:23 AM
Pension Decision: Lump Sum or Annuity Payments?? Cessna5354 FIRE and Money 22 06-11-2012 01:26 PM
Employer pension or lump sum rollover of pension? PawPrint53 FIRE and Money 21 06-01-2012 12:37 PM
Lump sum to invest, DCA in or go lump? Olav23 FIRE and Money 4 03-03-2007 03:22 PM


All times are GMT -6. The time now is 11:54 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.