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Old 06-11-2012, 01:45 PM   #21
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The annuity payments are made directly from plan assets. They are close to 100% funded, but not always all the time. I am not concerned with the company going under without enough assets to cover the unfunded liability at that time. Even Enron employees recieved all retirement that was due to them.

I now need to look at the tax implications regarding the lum sum vs payments. I could take the lum sum into an IRA, then annually contribute to a Roth IRA. The monthly payments will be income, which I will not be able to control
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Old 06-11-2012, 02:08 PM   #22
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Originally Posted by Cessna5354 View Post
The annuity payments are made directly from plan assets. They are close to 100% funded, but not always all the time. I am not concerned with the company going under without enough assets to cover the unfunded liability at that time.
Even Enron employees recieved all retirement that was due to them.

I now need to look at the tax implications regarding the lum sum vs payments. I could take the lum sum into an IRA, then annually contribute to a Roth IRA.
The monthly payments will be income, which I will not be able to control.
So it sounds like the annuity payments are financially secure. I agree that you need to look at the tax implications, but the annuity seems so good ($64k vs $36k "market" mentioned in another post) that it will be the winner.
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Old 06-11-2012, 02:26 PM   #23
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Thanks to all,

I have been wrestling with this for some time. You all have provided structure to my thinking.

I am nearly 100% on the monthly payments due to the nearly 9% return. As mentioned in an earlier post, I could become a little more agressive with the AA. Kinda counter intuitive, but makes big picture sense.

Justa simple kid from W.Va. trying to get along in the fast lane of NJ.
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