Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,265
OK.... some opinions from the forum requested... I have not decided what to do yet and want some other thinking...
I was 'let go' at work... so today I got in the mail a form about my cash balance account... it is about 8 to 10% of net worth... and most all of what I consider 'bonds'... (a bit of JSM I bought when it was yielding 8.5%)...
My OPTIONS...
I can keep it in the account and earn 1% higher than the 1 year T-Bill rate in October of the previous year.... with a 4.5% minimum
I can roll it over....
I can choose one of 27 annuities (yes... this is shocking to me... 27 different options!!!)... which I am not going to do...
Now the kicker... there is a lawsuit against the company saying the discriminated against the 'older' employees... but the judge has said if you leave the plan, you are out of the lawsuit and will receive nothing IF there ever is anything... now, they said they do not think they will have to pay anything, but who knows....
So, what can I expect for 'long term' yields, such as maybe buying some more JSM or something similar...
Or just leave it alone and see what the lawsuit does
Thanks...
I was 'let go' at work... so today I got in the mail a form about my cash balance account... it is about 8 to 10% of net worth... and most all of what I consider 'bonds'... (a bit of JSM I bought when it was yielding 8.5%)...
My OPTIONS...
I can keep it in the account and earn 1% higher than the 1 year T-Bill rate in October of the previous year.... with a 4.5% minimum
I can roll it over....
I can choose one of 27 annuities (yes... this is shocking to me... 27 different options!!!)... which I am not going to do...
Now the kicker... there is a lawsuit against the company saying the discriminated against the 'older' employees... but the judge has said if you leave the plan, you are out of the lawsuit and will receive nothing IF there ever is anything... now, they said they do not think they will have to pay anything, but who knows....
So, what can I expect for 'long term' yields, such as maybe buying some more JSM or something similar...
Or just leave it alone and see what the lawsuit does
Thanks...