With hopes of relocation and reemployment just around the corner, and just fresh out of the company's retirement seminar, here are some numbers from their sponsored annuities they offer.
Funded Amount : $350000
No Cola
No Spousal Benefit
Annuity Rate 7.75%
Option 1-Life Only $2938.08 per month
20 year only $2799.46 per month
The funded amount is currently in 401K Guaranteed 5% Cash Balance Account.
The funded amount is 21% of our retirement account balance.
I am 62.5 and my DW is 55.99999, Happy Bday Honey.
If this thread gets read, I will post all options available to me,
Thanks
Funded Amount : $350000
No Cola
No Spousal Benefit
Annuity Rate 7.75%
Option 1-Life Only $2938.08 per month
20 year only $2799.46 per month
The funded amount is currently in 401K Guaranteed 5% Cash Balance Account.
The funded amount is 21% of our retirement account balance.
I am 62.5 and my DW is 55.99999, Happy Bday Honey.
If this thread gets read, I will post all options available to me,
Thanks