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Old 03-31-2009, 10:46 PM   #21
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At a retirement seminar, the presenter had this advice: "Tell me when you're going to die, and I'll tell you which to choose."
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Old 04-01-2009, 10:14 AM   #22
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At a retirement seminar, the presenter had this advice: "Tell me when you're going to die, and I'll tell you which to choose."
Let me Guess....

The presentation was from an insurance company rep, who had this amazing product called an annuity where you will never run out of money.
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Old 04-02-2009, 11:05 AM   #23
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It is good to take your time and chew over the options, like you are doing, and solicit others for their opinions. One thing I would add is for you to check to make sure there are no contingencies of one option or the other, such as taking the Lump Sum results in you being ineligible for discounted Medical insurance through the company - an effect that I might be up against in a few years.
Sounds like a good deal either way.
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Old 04-02-2009, 01:00 PM   #24
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I will assume that the joint and survivor option should decrease the payment by about 10 percent. The $387,000 will buy a 55 year old woman and man an annual non-colla annuity of $2,060.58, or $2,280 for a 55 yr aold woman only. So the cash looks pretty close to me to fair value.
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Old 04-04-2009, 02:51 PM   #25
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Let me Guess....

The presentation was from an insurance company rep, who had this amazing product called an annuity where you will never run out of money.
Wrong. The presenter was a company HR rep advising us of our options. Nothing to sell and no direct recommendations made.
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