Hello,
I am new to the forum and eligible to retire early from my company next year. The company offers a lump sum option or monthly annuity. My preference is the monthly annuity. I hear and read a lot about folks fretting over managing their portfolio or finding the right firm to manage it for them. Seems like most either do not have a monthly annuity option or they decide for the lump sum option. Question is, if you can live comfortably on the monthly annuity, why not ? I know about the inflation factor, but plan to use my 401K to hedge against it. Am I missing something here ? My wife is eligible for her monthly annuity in 3 years and again, I plan to take that option over a lump sum.
Also having issues trying to find a financial advisor that will provide a sanity check on my retirement figures. If I don't have money available for them to manage(no lump sum), they don't seem interested. How do you find someone to provide a thorough review of your retirement plan for a reasonable fee ? Thanks in advance for any suggestions and advice.
I am new to the forum and eligible to retire early from my company next year. The company offers a lump sum option or monthly annuity. My preference is the monthly annuity. I hear and read a lot about folks fretting over managing their portfolio or finding the right firm to manage it for them. Seems like most either do not have a monthly annuity option or they decide for the lump sum option. Question is, if you can live comfortably on the monthly annuity, why not ? I know about the inflation factor, but plan to use my 401K to hedge against it. Am I missing something here ? My wife is eligible for her monthly annuity in 3 years and again, I plan to take that option over a lump sum.
Also having issues trying to find a financial advisor that will provide a sanity check on my retirement figures. If I don't have money available for them to manage(no lump sum), they don't seem interested. How do you find someone to provide a thorough review of your retirement plan for a reasonable fee ? Thanks in advance for any suggestions and advice.