sheldon cornped
Recycles dryer sheets
- Joined
- Mar 26, 2011
- Messages
- 221
Here are the Pension #'s I pulled from my MegaCorp projected income on our benefits website. This is a non-COLA'd pension with multiple options that are too numerous to mention here. I will be 60 in 01/2014. The annuity increases at 4% for each yr. thereafter.
Option 1
Single life annuity $4470/mo
100% pop-up 3862/mo (I would choose this since wife would
receive this amount should I pass 1st
and it would pop-up to the $4470
should she predecease me)
Option 2
Lump Sum split option $528,085 plus $1185/mo Joint&/Survivor
My question to you is which option would you select and why? We have investments/cash just over $1MM. DW gets teachers ret. in 4 years of about 1850/mo. SS at 62 for me would be about 2000/mo. I would be inclined to choose the annuity w/ pop-up. Do you think I could do better investing the lump long term while getting 1185 annuity with it? Interested to hear how you seasoned, sound judgement experts would weigh in.
Option 1
Single life annuity $4470/mo
100% pop-up 3862/mo (I would choose this since wife would
receive this amount should I pass 1st
and it would pop-up to the $4470
should she predecease me)
Option 2
Lump Sum split option $528,085 plus $1185/mo Joint&/Survivor
My question to you is which option would you select and why? We have investments/cash just over $1MM. DW gets teachers ret. in 4 years of about 1850/mo. SS at 62 for me would be about 2000/mo. I would be inclined to choose the annuity w/ pop-up. Do you think I could do better investing the lump long term while getting 1185 annuity with it? Interested to hear how you seasoned, sound judgement experts would weigh in.