Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Another "small pension" post.
Old 05-19-2006, 05:46 PM   #1
Recycles dryer sheets
Join Date: Apr 2006
Location: Hardscrabble Texas
Posts: 372
Another "small pension" post.

As per Cut-Throats post I also have a small pension I'm undecided on. I could have started taking it at 55 if I had known. I'm 57 now. This had been passed from place to place due to sell outs, mergers, and such over the years. Finally ended up in an annuity at Pacific Life.
I ask them to send 2 starting this starting in 08. They are as follows:

Commencement date 9-1-06
Life annuity...................................$129.17/ month
Life with 120 payments certain.....$122.84/ month
Life with 60 payments certain.......$127.36/ month
100% contigent annuitant............$103.34/ month
50% contingent annuitant............$114.96/ month

Commencement date 9-1-08
Life annuity...................................$161.47/ month
life with 120 payment certain........$151.78/ month
Life with 60 payments certain.......$158.73/ month
100% contigent annuitant............$129.18/ month
50% contingent annuitant............$143.71/ month

Any thoughts would be greatly appreciated.


Poundkey is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Another "small pension" post.
Old 05-19-2006, 08:28 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
Join Date: Mar 2005
Location: Chicago
Posts: 10,928
Re: Another "small pension" post.

If you're already FI and enjoying RE, give it to charity.

"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Re: Another "small pension" post.
Old 05-19-2006, 08:50 PM   #3
Recycles dryer sheets
Join Date: Apr 2004
Posts: 159
Re: Another "small pension" post.

Take it over your lifetime. You are the number one charity. The $ amount may be small, but at least it will get you down one aisle of the grocery store.

I started drawing a small DB pension when I was 50. I put it in a tax sheltered annuity. I'm amazed at what that sucker is worth today--8 years later-- and I never even missed it.

education is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
"Hi, I am" needs a "Read this first" post? HobbyDave Forum Admin 3 05-17-2007 09:39 AM
Vanguard Diehards-- dot org! Nords Other topics 42 02-22-2007 11:01 AM
Updatable CD post? MooreBonds FIRE and Money 5 10-02-2006 12:09 PM
Can I Post Here or Not? hocus FIRE and Money 40 03-11-2004 09:57 AM

» Quick Links

All times are GMT -6. The time now is 05:31 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.