BooBoo
Recycles dryer sheets
- Joined
- Oct 31, 2010
- Messages
- 91
Pension Questions:
I soon plan to retire from mega corp with a pension. Thankfully, mega corp provides a pension and many payout options:
Lump Sum 390K
Annuity Options:
Highest Payout
Single payout to self: 27272/annually
To
Lowest Payout
Payout to self and DW with 7% inflation protection : 19632 /annually
Many options in between highest and lowest as well.
I priced a 20 year tem life @ 2500 annually for 400K coverage.
The 20 year policy only covers DW until age 78, I do not want to leave her high and dry after 20 years ?
I priced annuities both by paying lump sum and estimating a monthly income stream. The single payout offered by mega corp seems like a good deal. At this point I am leaning toward lump sum and buying 20 year term and some policy to cover later years with less of a payout. I need to do more research on this but I am pretty sure this type of policy is available.
What should I do ? annuity or take my lumps and run ?
FireCalc and others always seem to like annuity income stream over lump sum ?
Your input is greatly appreciated.
I soon plan to retire from mega corp with a pension. Thankfully, mega corp provides a pension and many payout options:
Lump Sum 390K
Annuity Options:
Highest Payout
Single payout to self: 27272/annually
To
Lowest Payout
Payout to self and DW with 7% inflation protection : 19632 /annually
Many options in between highest and lowest as well.
I priced a 20 year tem life @ 2500 annually for 400K coverage.
The 20 year policy only covers DW until age 78, I do not want to leave her high and dry after 20 years ?
I priced annuities both by paying lump sum and estimating a monthly income stream. The single payout offered by mega corp seems like a good deal. At this point I am leaning toward lump sum and buying 20 year term and some policy to cover later years with less of a payout. I need to do more research on this but I am pretty sure this type of policy is available.
What should I do ? annuity or take my lumps and run ?
FireCalc and others always seem to like annuity income stream over lump sum ?
Your input is greatly appreciated.