Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 08-22-2016, 03:00 PM   #61
Thinks s/he gets paid by the post
Big_Hitter's Avatar
Join Date: May 2013
Location: In the fairway
Posts: 3,134
Seems like you are being offered the minimum lump sum, which is based on the annuity payable at your NRD (typically 65. )

Swing hard, look up
Big_Hitter 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!

Old 08-22-2016, 03:53 PM   #62
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 13,195
I don't think so in that my age 61 benefit is 86% of my age 65 benefit.

If I took the lump sum and bought a 5 year deferred annuity the monthly benefit starting at age 65 would be 75% of my pension plan benefit.

If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
pb4uski is offline   Reply With Quote
Old 08-23-2016, 05:37 AM   #63
Recycles dryer sheets
Join Date: Feb 2015
Location: Southfield
Posts: 56
I'll be taking the lump sum in a few months specifically because I have thought about mortality - a lot. Turns out it is very difficult to estimate your own mortality when you have known health issues. DW and I both have ongoing fights with cancer - successful for now but it creates an unlikely long term future. Given that multiple models show our plan could carry us through another 30 plus years and we don't anticipate making it 10, taking the lump sum will either carry us to the end or take care of our offspring quite nicely.

Sent from my SM-G900V using Early Retirement Forum mobile app

The best way to predict the future is to invent it. - Alan Kay
fishndad42 is offline   Reply With Quote

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
Times when I have large sums to invest are when markets are at all-time highs :/ RioIndy FIRE and Money 5 02-28-2014 06:19 PM
Interest Rates, Lump Sums and leaving Mega Corp Tekward FIRE and Money 2 05-10-2013 01:30 PM
Do you handle lump sums differently? SecondCor521 FIRE and Money 32 10-18-2010 05:45 PM
Firecalc lessons on drip feeding lump sums ? johng FIRECalc support 2 06-13-2009 03:33 PM
Anyone Hear This on Pension Lump Sums? RetireeRobert FIRE and Money 2 12-03-2007 04:46 PM


All times are GMT -6. The time now is 10:08 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.