BooBoo
Recycles dryer sheets
- Joined
- Oct 31, 2010
- Messages
- 91
I am getting ready to make a big decision and FIRE ! Mega Corp is offering the following choice with various options from A to C. I am familiar with many of the pros and cons of each choice and have pretty much decided. Which one would you choose? Just doing a sanity check before I make the big leap. Married age 57 DW age 60 children have flown coop. Thanks for your advise.
A. Mega Corp Lump Sum $549,154
Immediate Annuity for Lump Sum: 31032 5.65%
B. Mega Corp Single Life Annuity (no joint survivor) $34632
Immediate Annuity for Lump Sum to receive $34632: $7,352,242 5.65%
C. Mega Corp 100% Joint Life Annuity with 5% Inflation Protection: $24936
20 Year Term Life Policy for $5,000,000 cost $1510…if I went with option B.
Am I correct that the 5% inflation protection only kicks in if inflation is greater than 5%? I will confirm with HR.
A. Mega Corp Lump Sum $549,154
Immediate Annuity for Lump Sum: 31032 5.65%
B. Mega Corp Single Life Annuity (no joint survivor) $34632
Immediate Annuity for Lump Sum to receive $34632: $7,352,242 5.65%
C. Mega Corp 100% Joint Life Annuity with 5% Inflation Protection: $24936
20 Year Term Life Policy for $5,000,000 cost $1510…if I went with option B.
Am I correct that the 5% inflation protection only kicks in if inflation is greater than 5%? I will confirm with HR.