Elderdude
Recycles dryer sheets
The wife's sister is entitled to an uncol'd pension check for 30 years or a lump sum from Kaiser HMO. Again, the folks are reluctant to discuss actual figures. My best advice was that if she'd multiply the monthly amount by 12 and divide by the lump sum, she'd have the percentage she'd be earning on the monthly plan. If that % was below what a conservative investor in Treasuries could earn, take the lump sum and roll it into an IRA and invest it conservatively.
Since I and the wife are fortunate enough to have generous COL'd pensions from the State of California, the paltry sums we have accumulated in our 401k's have not led us to great investment wisdom or knowledge. (We are both in funds of funds, graded moderate to moderate aggressive.)
Given the limited information about my wife's sister and her options, what advice would you give her, or does a wise person walk away?
Since I and the wife are fortunate enough to have generous COL'd pensions from the State of California, the paltry sums we have accumulated in our 401k's have not led us to great investment wisdom or knowledge. (We are both in funds of funds, graded moderate to moderate aggressive.)
Given the limited information about my wife's sister and her options, what advice would you give her, or does a wise person walk away?