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    Lump Sum Versus Annuity

    I will be in this situation shortly. I have yet to see this mentioned. If I stay with the company pension (University of California in my case), I maintain access to the group medical plan. While it still costs me money, it is less than buying it on the open market. If I take the lump sum...
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    The Psychology of Money

    +1 from me
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    Help Needed with Pension decision , thanks .

    Regarding the pension options. Are you married, and if so, what would the options be for the monthly payment being provided for life for both of you. If it was still 1800/month, and she has a longer life expectancy, that factors in. Also, is there a COLA built into that payment? These items...
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    pushing out retirement to help kids with college

    To the OP if still listening. We are in a similar (but not quite the same) boat. We have four daughters -- one in her 30s, two aged 21 and 22 currently in college, and a 13 year old. For this discussion the focus is on the 21 and 22 year old. When they were graduating high school, we agreed...
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    He is so frugal he......

    I resemble some of these approaches. I definitely * flatten and save aluminum foil (provided it's not 'foody') * rinse, dry, and reuse 'freezer' quality zip-locks (the expensive ones) * darn my socks * wear t-shirts (for the same reason I use bed sheets) because it's much cheaper and easier to...
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    Grocery Money - Food Only

    Hmm, While I agree that eating on $4 / day is a challenge, this reporting (I had to google a few stories) is abysmal. "The mayor said he quickly learned one must plan meals really carefully on a limited budget" Really. He's the mayor and did not know one must plan meals carefully on a...
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    Are we ready with this?

    Hi Bspooky, thanks for posting your budget. We all have different lifestyles and I'm new here, so forgive me if I say something dumb. (I'm 50 by the way, and trying to retire at 55). Two things in the budget jump out at me as areas that could be reduced quite a bit. Dining out and Groceries...
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