Recent content by Cruise42

Are Your Numbers Correct ? EastWest Gal...Did you mean $3.4 million ? Not $3.4 thousand ? About 9 years ago I "was retired" by company I worked for over 40 yrs. I manage my money pretty well but we are talking a whole, whole, whole lot less then our friend Franklin. Do I have have...

Just an update...I was successful in negotiating a lower monthly recoupment payment, which of course will extended payment period to year in future where I will be close to having one foot in the grave. Any payments due after I pass will be deducted from what would be due my wife since I...

You read my mine. When they come back to me I plan on insisting to receive copies of both old & new calculations. In addition to explanation I also want to know who is responsible for mistake...employer or pension service company used by my old employer. You raise good point of contacting...

That pretty much sums it up ! I would like to hear from anyone in the same boat.

I only put in 40 years of service...guess this is my reward...lol

I hear ya ! Just wonder / hope they elect to audit all of my co-works forced into early retirement same time I was. Number of us numbered at least 200 within the course of a month.

Lump sum can be attractive, but according to pension benefit service provider if they had miscalculated that amount they would also seek return of overpayment.

I too hope they agree to reducing monthly installments. Unfortunately, at the end of the day I'm the one who ends up taking the hit.still Permanent reduction in monthly pension checks will impact us by $100,000+ over my lifetime.

I understand all the "weasel wording" in employee benefits handbook gives employer right to do most anything they want to their employees. What's hard to understand is how can someone on their end not be liable for gross mistake on their part. "Their mistake becomes my problem. Wouldn't you...

I was forced into early retirement in 2009 at age 61. Opted to start taking my pension in 2013 in form of annuity with 50% survivor benefit for my wife. Company that services pension benefits for my former employer did all the calculations all I had to do was sign the papers (which I did in...

All good points...I'm planning to run some What If's using TurboTax to see how some of these points shakeout. I thought being retired was supposed to be less stressful...LOL. As far as the car, the wheels we have now are going on 13yrs old...runs good, well maintained, but still old. Home...

SteveL...thanks for your quick reply to my question(s). You have provided me with several points to consider. Our household budget has some slack in it (although I wouldn't call it excessive) to make payments a consideration. We are whittling away at minimizing expenses for cable TV...

1st let me start by stating I am new to this great community. I was downsized from my position at age 61, currently 66 yrs old. I opted to start collecting SS at age 62, started receiving monthly checks from retirement annuity, and rolled my 401k over to Vanguard. My wife has a few more years...