Join Early Retirement Today
Showing results 1 to 25 of 3409
Search took 0.11 seconds.
Search: Posts Made By: nun
Forum: FIRE and Money Yesterday, 07:57 AM
Replies: 30
Views: 1,267
Posted By nun
Most is in a stable value fund and the bonds...

Most is in a stable value fund and the bonds inside Wellesley......although I'll be buying into a COLA'ed pension plan soon and I'll treat that as fixed income and sell the stable value so my only...
Forum: FIRE and Money 12-17-2014, 04:42 PM
Replies: 75
Views: 3,080
Posted By nun
If that's so then Sittingduck should take the...

If that's so then Sittingduck should take the pension.

For those interested here are the IRS rates used to calculate lump sum payouts

Minimum Present Value Segment Rates...
Forum: FIRE and Money 12-17-2014, 03:05 PM
Replies: 75
Views: 3,080
Posted By nun
Yes, I agree. If the lump sum is payable now and...

Yes, I agree. If the lump sum is payable now and the pension is deferred then the numbers could add up. But both being available on the same date just doesn't add up.
Forum: FIRE and Money 12-17-2014, 02:15 PM
Replies: 75
Views: 3,080
Posted By nun
Sittingduck, the numbers you gave make the...

Sittingduck, the numbers you gave make the pension the way to go if you are in reasonable health. Something still does not add up though because the pension and lump sum amount don't line up with the...
Forum: FIRE and Money 12-17-2014, 09:45 AM
Replies: 75
Views: 3,080
Posted By nun
There are actually IRS rules and rates that...

There are actually IRS rules and rates that govern many pension plans....who is offering you such a good deal on the pension and such a bad deal on the lump sum? and why?
Forum: FIRE and Money 12-17-2014, 08:09 AM
Replies: 75
Views: 3,080
Posted By nun
I agree that one would never buy an SPIA from...

I agree that one would never buy an SPIA from anyone that solicited them. If they have access to TIAA-CREF products I would go there first. People on here have also used Vanguard. With any financial...
Forum: FIRE and Money 12-17-2014, 07:54 AM
Replies: 75
Views: 3,080
Posted By nun
This is all US conventional wisdom from the last...

This is all US conventional wisdom from the last 30 years and will probably work just fine in many circumstances as long as you have a sufficient stock percentage. I would not want to rely on a bond...
Forum: FIRE and Money 12-16-2014, 10:16 PM
Replies: 75
Views: 3,080
Posted By nun
Well for once a salesman has told the truth,...

Well for once a salesman has told the truth, annuities are very different from stocks and bonds. It's understanding the differences when planning for retirement that is important. If you haven't read...
Forum: FIRE and Money 12-16-2014, 09:19 PM
Replies: 75
Views: 3,080
Posted By nun
Annuities provide an income stream, the rest of...

Annuities provide an income stream, the rest of your portfolio can grow and be left to your heirs. Annuities have no principal, you buy them and for that you get an income stream for life or some...
Forum: FIRE and Money 12-16-2014, 12:33 PM
Replies: 75
Views: 3,080
Posted By nun
For the person faced with the choice it's useful...

For the person faced with the choice it's useful to think of the interest rate you'd need to get on the lump sum to generate the income up to a certain age. It allows for some comparison, but of ...
Forum: FIRE and Money 12-16-2014, 09:09 AM
Replies: 75
Views: 3,080
Posted By nun
What you have sounds a bit like TIAA-Traditional,...

What you have sounds a bit like TIAA-Traditional, can you keep it and just take out annual interest or systematic withdrawals and pass the principal on to your heirs? That would be a nice option.
...
Forum: FIRE and Money 12-16-2014, 08:33 AM
Replies: 75
Views: 3,080
Posted By nun
Annuities should be considered as part of your...

Annuities should be considered as part of your financial plan, but they are more like insurance than an investment. They provide knowable income streams and that can be useful in falling markets and...
Forum: FIRE and Money 12-16-2014, 08:28 AM
Replies: 75
Views: 3,080
Posted By nun
That's good advice....I own psst...

That's good advice....I own psst Wellesley.....but that would not stop me from having a pension or annuity. Annuities are not investments, they are insurance, so to compare them with Wellesley is not...
Forum: FIRE and Money 12-16-2014, 08:24 AM
Replies: 75
Views: 3,080
Posted By nun
Ok, for a single life annuity given your numbers...

Ok, for a single life annuity given your numbers the payout rate is 10% and your interest rate if you live to 84 will be 9.3%, and 7% if you live to 75.

Those numbers do not seem sensible to me....
Forum: FIRE and Money 12-16-2014, 08:16 AM
Replies: 75
Views: 3,080
Posted By nun
Most companies will have to use the IRS segmented...

Most companies will have to use the IRS segmented interest rates when calculating a buy out....the OP's original number did look far to low to be correct and when they looked again they found that it...
Forum: FIRE and Money 12-15-2014, 09:25 PM
Replies: 75
Views: 3,080
Posted By nun
How old are you?

How old are you?
Forum: FIRE and Money 12-15-2014, 04:48 PM
Replies: 17
Views: 1,163
Posted By nun
I think you are right. I'm only 53 so things...

I think you are right. I'm only 53 so things could well change...the MA limit has been the same since 2000.
Forum: FIRE and Money 12-14-2014, 09:13 PM
Replies: 75
Views: 3,080
Posted By nun
Yes it's instructive to look at the implied...

Yes it's instructive to look at the implied interest rate for various mortality dates, but it can be misleading because the pension isn't an investment, it's insurance.....it's very expensive...
Forum: FIRE and Money 12-14-2014, 03:06 PM
Replies: 75
Views: 3,080
Posted By nun
I love the existential aspect of annuities. They...

I love the existential aspect of annuities. They are the most self reflective of financial products.

The table is instructive.....notice how the interest rate approaches the payout rate as the...
Forum: FIRE and Money 12-14-2014, 01:13 PM
Replies: 75
Views: 3,080
Posted By nun
Those numbers add up a lot better. The interest...

Those numbers add up a lot better. The interest rate works out to be 3.9% if you live for 28 years. Without a COLA I'd go with the lump sum.

Apologies to your financial advisor
Forum: FIRE and Money 12-14-2014, 11:15 AM
Replies: 17
Views: 1,163
Posted By nun
I'm single so don't get the extra tax free...

I'm single so don't get the extra tax free amounts or trust planing opportunities. I had thought of placing my house in trust to reduce the size of the estate, would that help to reduce estate taxes...
Forum: FIRE and Money 12-14-2014, 09:52 AM
Replies: 17
Views: 1,163
Posted By nun
Estate Planning

My net worth just ticked over $2M. I'm well below the federal estate tax, but my estate will have to pay state estate tax if it is valued at over $1M. Of course I could move to a state with a higher...
Forum: FIRE and Money 12-14-2014, 09:41 AM
Replies: 33
Views: 1,898
Posted By nun
I'm not really sure the revocable trusts are the...

I'm not really sure the revocable trusts are the way to go if your estate is below the inheritance tax limits. Retirement assets can be easily and quickly transferred on your death by filling out the...
Forum: FIRE and Money 12-13-2014, 02:10 PM
Replies: 75
Views: 3,080
Posted By nun
Yes the numbers on this pension look very strange...

Yes the numbers on this pension look very strange and lob sided, that's why I'm curious who runs it, also whether there is something like very long service that might be biasing the pension.....but...
Forum: FIRE and Money 12-12-2014, 10:01 PM
Replies: 75
Views: 3,080
Posted By nun
Who runs this pension? Do you have long service...

Who runs this pension? Do you have long service like 30 years?
Showing results 1 to 25 of 3409

 
Forum Jump

 
All times are GMT -6. The time now is 07:31 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Early Retirement News right to your Email!

Stay up-to-date with all the latest news to your inbox!

unsusbcribe at anytime with one click

Close [X]