crispus
Recycles dryer sheets
- Joined
- Jun 24, 2004
- Messages
- 168
My wife's company is closing there local branch sometime this year. She will receive 2 years severance pay and a full pension. We are both going to be 55 this year and my wife is going to pursue a new employment as a manager.
Her pension offers the choice of a lump sum payment or non-cola monthly payments. Her estimate for lump sum is 387k and her life annuity for her only is $2277 per month. We would like to have some guidence on which one to take. Obviously if we choose lifetime payments to her and I the amount will go down, but I do not have the estimate on that amount.
Our only debt is our home $96k. Also her company will continue full health insurance till age 65.
Thanks Jeff
Her pension offers the choice of a lump sum payment or non-cola monthly payments. Her estimate for lump sum is 387k and her life annuity for her only is $2277 per month. We would like to have some guidence on which one to take. Obviously if we choose lifetime payments to her and I the amount will go down, but I do not have the estimate on that amount.
Our only debt is our home $96k. Also her company will continue full health insurance till age 65.
Thanks Jeff