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Search: Posts Made By: Big_Hitter
Forum: FIRE and Money 08-15-2016, 05:27 PM
Replies: 15
Views: 1,802
Posted By Big_Hitter
OP: you may want to consider reading the book...

OP: you may want to consider reading the book Money for Life, by Steve Vernon, who is a retired actuary.

He discusses how to create income streams from piles of money (and pensions) and...
Forum: FIRE and Money 08-15-2016, 02:57 PM
Replies: 15
Views: 1,802
Posted By Big_Hitter
the temp SS benefit may not be counted in the LS...

the temp SS benefit may not be counted in the LS calculation. $7K a year isn't exactly chump change; I'd ask the pension manager how the LS is calculated. Also, the portfolio value depends almost...
Forum: FIRE and Money 08-15-2016, 02:41 PM
Replies: 15
Views: 1,802
Posted By Big_Hitter
so you will take the LS and put it into a retail...

so you will take the LS and put it into a retail IRA? You may want to see what that LS will buy you on immediateannuities.com and compare that to the immediate payout

I assume this isn't a COLAd...
Forum: FIRE and Money 08-15-2016, 02:09 PM
Replies: 15
Views: 1,802
Posted By Big_Hitter
Of course he wants you to take the pension as a...

Of course he wants you to take the pension as a lump sum - he wants to manage it.

You may want to run some calculations and see if taking the LS is a good deal financially.
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