Foolish to delay pension a year to make $172 a month more?
Everyone is telling me so. . . what do you say.
Retiring due to outsourcing at 55. Or at least laving this employer. (IDK how you even get a job after 30+ years at the same place when your work is kind of specific.)
I thought perhaps I could live off PTO payout for a year and then take the pension since I can't get 5% easily if I put the PTO money somewhere. It should actually come out to be more than the pension does but I don't have an exact figure.
Pretty much without exception everyone I know has told me that is the stupidest thing they have ever heard of.
There is no requirement I can't change my mind in 6 months or anything like that either. Biggest disadvantage I see other than it is making me anxious to have no pay coming in is that how to pay for the retiree health is yet to be determined. I have gotten a couple different answers from benefits and am fairly sure it can be worked out but of course having it come straight out of pay is easier.
If anyone is wondering it would go up 5% the next few years as well but not really down with taking from 401k yet though I'd consider taxable so for today I am only asking about this period.
Everyone is telling me so. . . what do you say.
Retiring due to outsourcing at 55. Or at least laving this employer. (IDK how you even get a job after 30+ years at the same place when your work is kind of specific.)
I thought perhaps I could live off PTO payout for a year and then take the pension since I can't get 5% easily if I put the PTO money somewhere. It should actually come out to be more than the pension does but I don't have an exact figure.
Pretty much without exception everyone I know has told me that is the stupidest thing they have ever heard of.
There is no requirement I can't change my mind in 6 months or anything like that either. Biggest disadvantage I see other than it is making me anxious to have no pay coming in is that how to pay for the retiree health is yet to be determined. I have gotten a couple different answers from benefits and am fairly sure it can be worked out but of course having it come straight out of pay is easier.
If anyone is wondering it would go up 5% the next few years as well but not really down with taking from 401k yet though I'd consider taxable so for today I am only asking about this period.