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-   -   Introduction (https://www.early-retirement.org/forums/f26/introduction-21189.html)

hogwild 05-14-2006 12:15 PM

Introduction
 
I've been reading the posts here for a few months. It's a great forum and I read it everyday. I have finally got around to registering and I hope that I can contribute as well as learn. I have plans to ER in about 31 months (end of '08). I am an engineer for a large telecommunications company and have been with the same company over 30 years.
Anyway, thanks for all the information and tips so far.

hogwild

samclem 05-14-2006 01:47 PM

Re: Introduction
 
Hogwild,

Welcome aboard. By the way, only an engineer would write "I plan to retire in about 31 months" ;)

30 years in one company--that's unusual today. Lots of folks in that position are considering taking the lump-sum instead of a monthly check from their defined-benefit plan. I guess it depends on how the numbers work out and your assessment of the company's (or its successor's) ability/willingness to keep their promisses.




Nords 05-14-2006 03:54 PM

Re: Introduction
 
Welcome to the board, Hogwild. Like the man said to Dirty Harry, "I gots to know": how did you choose your poster name?

Quote:

Originally Posted by samclem
I guess it depends on how the numbers work out and your assessment of the company's (or its successor's) ability/willingness to keep their promisses.

After 30+ years with CBS my FIL took the lump sum and ran for exactly those reasons.

hogwild 05-14-2006 03:59 PM

Re: Introduction
 
Sam,

Thanks very much. *Yeah, I'm afraid the engineer in me is know part of my DNA. *I get that kind of comment all the time.
I'm fortunate that I will have a pension as well as a lump sum profit sharing distribution. *My company is ceasing adding to the existing pensions in 3 years. *New hires will not get a pension. *That is the trend now days.
I do have decisions to make as to the pension. *I have the option to take a lifetime pension or take an approximately doubled amount for 10 years only. *I think I will take the latter.

hogwild 05-14-2006 04:01 PM

Re: Introduction
 
Razorback fan!

poboy 05-14-2006 04:45 PM

Re: Introduction
 
I can hear it now, woo pig sooie. Just don't holler too loudly. Welcome.

Maximillion 05-14-2006 05:26 PM

Re: Introduction
 
If the Pension was fully indexed and had full survivor benefits,a nd had Health benefits, I'd opt for 20 years.

Less taxes as well.

hogwild 05-15-2006 06:34 AM

Re: Introduction
 
I ran the options for 10 years and lifetime and the 10 year wins everytime. I'll try the 20 year option and see what shakes out.

Thanks


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