Lcountz
Recycles dryer sheets
Hi all.....new to this board and this is my first post..!!! Been reading for a while and am intrigued by all the points of view and information!
I am single(divorced) 57 yo woman, no kids, 34 years for same large Corp, in a Supervisory position, live in NW.PA, where cost of living is VERY cheap!!!
I want to retire Jan 2, 2013, and am down to the last few critical decisions-the most pressing of which is: Take a lump sum of $420,000 OR monthly pension of 2100. per month?
Additional 401K/IRA/Cash @ $650,000 and $12,000 Silver bullion eagles/mapleleafs.
I get retiree health benefits until 65, at no cost.
I am healthy and mom is spry 91, lives on her own.
Grandma died at 86. ( dad and grandfather died at 70).
Still have a small mortgage cause I didn't buy a house til I was 45, but that's no problem-if I sold this house and had to rent I'd still have a monthly housing payment so it's a wash. Do want to stay here.
Mortgage....620/mo...RE/School Tax/ Home/Vehicle Insurances: 310/mo; Own new truck outright, as well as 2009 HD Ultra Classic MC.
I beleive I can live on 30,000 per year net and do it easy. Want to do some travelling on the bike but mostly want to RELAX for at least the first two years and exhale. I am in Management and it's VERY stressful.
So..lump sum or monthly pension?
Advice? Comments?
Thank you for your consideration....!!!!!
I am single(divorced) 57 yo woman, no kids, 34 years for same large Corp, in a Supervisory position, live in NW.PA, where cost of living is VERY cheap!!!
I want to retire Jan 2, 2013, and am down to the last few critical decisions-the most pressing of which is: Take a lump sum of $420,000 OR monthly pension of 2100. per month?
Additional 401K/IRA/Cash @ $650,000 and $12,000 Silver bullion eagles/mapleleafs.
I get retiree health benefits until 65, at no cost.
I am healthy and mom is spry 91, lives on her own.
Grandma died at 86. ( dad and grandfather died at 70).
Still have a small mortgage cause I didn't buy a house til I was 45, but that's no problem-if I sold this house and had to rent I'd still have a monthly housing payment so it's a wash. Do want to stay here.
Mortgage....620/mo...RE/School Tax/ Home/Vehicle Insurances: 310/mo; Own new truck outright, as well as 2009 HD Ultra Classic MC.
I beleive I can live on 30,000 per year net and do it easy. Want to do some travelling on the bike but mostly want to RELAX for at least the first two years and exhale. I am in Management and it's VERY stressful.
So..lump sum or monthly pension?
Advice? Comments?
Thank you for your consideration....!!!!!