Is it income or net worth?
My pension will provide us about $32.5K/yr... Income correct.
And if one of us lives at least 30 years.. worth nearly $1M, but leaves nothing for our estate purpose. (We can, and want to, place some of this income in places to leave, cash, investments and such.)
Now I can take a payout of $118K instead of the pension. so is that the actual net worth of the account? Aint worth crap for a FI retirement account is it.
We have no control over the money or investments, and when we're gone, whatever is left stays.... That's not independent.
Now the DW has about the same pension and $ figures, retiring in 5 years. If we cashed out everything across the board instead of taking the pensions, we might have $500K for investing to retire on.
Defiantly not the best financial choice.
My pension will provide us about $32.5K/yr... Income correct.
And if one of us lives at least 30 years.. worth nearly $1M, but leaves nothing for our estate purpose. (We can, and want to, place some of this income in places to leave, cash, investments and such.)
Now I can take a payout of $118K instead of the pension. so is that the actual net worth of the account? Aint worth crap for a FI retirement account is it.
We have no control over the money or investments, and when we're gone, whatever is left stays.... That's not independent.
Now the DW has about the same pension and $ figures, retiring in 5 years. If we cashed out everything across the board instead of taking the pensions, we might have $500K for investing to retire on.
Defiantly not the best financial choice.