scubamonkey
Recycles dryer sheets
I have several options as to how I (and DW) will receive my pension. Here are the choices of monthly payments:
Options ME DW
5-year certain and life 5265 5265
10 year " " " 5138 5138
15 year " " " 4964 4964
20 year " " " 4780 4780
Single life annuity 5317 -0-
50% Joint and survivor 4996 2498
75% " " " 4849 3636
100% " " " 4712 4712
Lump sum $691,068
Assume the following circumstances:
This scenario will start on 5-1-2016. We will be 55 years old. We will have all children educated and gone, home paid off, and about
$1,300,000 in 401K,IRA, and Roth IRA. Assume that we are in good health in 2016.
Which pension option would you choose and why?
Options ME DW
5-year certain and life 5265 5265
10 year " " " 5138 5138
15 year " " " 4964 4964
20 year " " " 4780 4780
Single life annuity 5317 -0-
50% Joint and survivor 4996 2498
75% " " " 4849 3636
100% " " " 4712 4712
Lump sum $691,068
Assume the following circumstances:
This scenario will start on 5-1-2016. We will be 55 years old. We will have all children educated and gone, home paid off, and about
$1,300,000 in 401K,IRA, and Roth IRA. Assume that we are in good health in 2016.
Which pension option would you choose and why?