Recent content by Big_Hitter

that's definitely a risk

I look at it as locking in a 5.0% guaranteed rate of return for my lifetime

This definitely looks like an opportune time to immunize expense streams. Age 65 Male is over an 8% payout rate on immediateannuities.com :o

it's likely not a Roth - I also have a non-Roth, post-86 thrift account in my 401k those are the plans we used to contribute to after-tax when we hit the 402g limit - they are not very popular as they require annual nondiscrimination (ACP) testing

Here is a salient revenue notice. I'd recommend contacting the plan administrator as a first step. Just to clarify, these are non-Roth, after-tax contributions, correct? "This notice provides rules for allocating pretax and after-tax amounts among disbursements that are made to multiple...

early retirement subsidies are part of the participant's accrued benefit

Or SPIAs

I like the different perspectives

that's (literally) money!

thanks - that actually matches my estimate!

^^ You have to know the life expectancy at current age from the mortality table used by the insurance company to make that approximation. Life annuity factors aren't certain, they assume a little piece of you dies each year until you are 100% dead, so using a certain annuity with a life...

Anyone else looked at payout rates lately? For yucks yesterday, I looked at immediateannuities.com and the payout rate for a 59 yo male is over 7% for a SLA. I don't have any actuarial software but it looks like that quote uses about a 4% interest rate. The 4% return will be locked in via...

I filed with SS to get it reduced. It's not atypical.

^^ the math is staying the same, it's the interest rates that have changed. 417e rates generally have a one-year lookback, hence the exodus

I watched it to the end...