Recent content by Omega

The lump-sum payout is less when interest rates go up. The annuity basically stays the same.

He thought of that, unfortunately he needs the money.

Pension and SS cover his expenses with a little leftover, he just doesn't have a nestegg to speak of. Thanks.

Right. It's just such a hard decision. I feel for him.

Nothing imminent, but unable to work. Hopefully in retirement his health will improve significantly

Yes, that's exactly why. The annuity of $2037/mo. stays the same.

Update So my friend just turned 62 and got the revised payout numbers. Not good. 418K went to about 335K. Would any of you change your advice? Needless to say my friend is pretty upset. Also, wasn't sure if I should resume this thread or post a new one. Thanks.

My 66-year-old sister died this year from pancreatic cancer, and her daughter was just diagnosed with ovarian cancer. She and her family lived at Camp Lejeune for several years in the late 70s. It does make me wonder.

Sorry to hear about your health issues. Does being approved for disability mean that you will get Medicare early?

Thank you. I did read it.

No COLA

Right. $1565 at age 65.

I have an update for anyone who may be interested. Just received the actual numbers from employer. $234,353 lump, $1,593.24/mo at 65, $792.52/mo immediate annuity. I will take the lump as I'm am trying to retire at 62. I currently do not have an IRA and will have to open one to do a rollover...

I will never check a bag again!! I returned July 3 from a 16 day trip to Europe, arriving at London's Heathrow and departing from Amsterdam's Schiphol. No problems departing U.S. or arriving at Heathrow despite large crowds. Big crowds pretty much everywhere, but not big enough to take the...

You can also use your tax refund to purchase an extra 5K.