megacorp-firee
Thinks s/he gets paid by the post
- Joined
- Apr 16, 2007
- Messages
- 1,305
When I FIREd, I had the same type of decision. I could take all as an annuity or 1/2 as lump sum and 1/2 as an annuity. The annuity default was 50% survivors benefit for DW. We chose 100% annuity with 100% survivors benefit for DW.
In the 1/2 lump sum option, I would have had to make an 8-9% return to equal the annuity amount. So my decision was easy, as I am not smart enough to guarantee a return that big. It turned out to be an excellent decision as I left in July of 2007 right before the market starting to tank.
IMO, it's a math problem with your personal health issues factored in.
In the 1/2 lump sum option, I would have had to make an 8-9% return to equal the annuity amount. So my decision was easy, as I am not smart enough to guarantee a return that big. It turned out to be an excellent decision as I left in July of 2007 right before the market starting to tank.
IMO, it's a math problem with your personal health issues factored in.