Lump sum arrived....lets do an experiment

[nun]

So my lump sum payout from a small DB pension just arrived. I did lots of maths and decided that I have enough pension and SS type income already and that I might as well take the lump sum from this comparatively small pension.

I'm 53 and the benefit would have been a single life $471/month at age 65. I received a lump sum of $35k and just put it all into a new fund, Vanguard Balanced Admiral Index. I'll leave it alone, reinvest dividends and report back in 12 years and see if it was worth it.......

If I can average 5% return it will work out to the same as the pension.

 

[Big_Hitter]

that sounds about right

 

[Rick_Head]

Didn't you consider investing it in a used Corvette?

 

[nun]

Didn't you consider investing it in a used Corvette?

If I could have a Corvette in an IRA that would be great....actually a classic might be an alternative investment.

 

[Sunset]

Good plan !