I have been with the same basic company (telecomm; Southern Bell> Bellsouth> now AT&T) for 39 years and have had enough. So, at 58 years old I have decided to hang up the phone sometime in Feb '09. I am getting SIPP'd (1 yrs pay) to go out plus my lump sum bye-out ($276k), a cash accumilation acc't ($71.5k) and what's in my Co's 401k (about $80k)... I am married (empty nester) and wife works about 20 to 25 hrs a week and brings home about $1200 per month. I have a very low mortgage ($700 a month), no auto payments and bills amount to about 2k per month (including mortgage).
I'm trying to decide what to do with this lump sum money. I have been thinking and reading alot about these self-directed IRA's as a way to go since my Pop always felt it was "You" you want handling "Your Money" but others say go with a big company like Fidelity or the like.... Just don't know which way to go and am open to all and anyones input... Thanks in advance. JD (aka: peckrhead... That's what a lot of friends started calling me after I started shaving my nugget-vbg)
I'm trying to decide what to do with this lump sum money. I have been thinking and reading alot about these self-directed IRA's as a way to go since my Pop always felt it was "You" you want handling "Your Money" but others say go with a big company like Fidelity or the like.... Just don't know which way to go and am open to all and anyones input... Thanks in advance. JD (aka: peckrhead... That's what a lot of friends started calling me after I started shaving my nugget-vbg)