nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
So my lump sum payout from a small DB pension just arrived. I did lots of maths and decided that I have enough pension and SS type income already and that I might as well take the lump sum from this comparatively small pension.
I'm 53 and the benefit would have been a single life $471/month at age 65. I received a lump sum of $35k and just put it all into a new fund, Vanguard Balanced Admiral Index. I'll leave it alone, reinvest dividends and report back in 12 years and see if it was worth it.......
If I can average 5% return it will work out to the same as the pension.
I'm 53 and the benefit would have been a single life $471/month at age 65. I received a lump sum of $35k and just put it all into a new fund, Vanguard Balanced Admiral Index. I'll leave it alone, reinvest dividends and report back in 12 years and see if it was worth it.......
If I can average 5% return it will work out to the same as the pension.