Curmudgeon
Recycles dryer sheets
- Joined
- Oct 17, 2016
- Messages
- 255
OP here, with more info:
1) I don't have any cash issues - I don't need the money now, just wondering what the best bet is. (See my 'Crossroad' intro in the "Hi, I am..." forum for more info on me)
2) I limited the options to just two - payout now, or lifetime annuity at age 65 - to make the analysis simpler. In reality I can take a cash payout anytime between now and 2027, or an annuity anytime between now and 2027, and the annuity could be simple, with survivorship, 50% survivorship, etc. etc. For any option, the amount would be calculated based on the $1414/mo guarantee - it would have nothing to do with what funds the pension was invested in, etc.
3) The pension is backed by PBGC, so I assume I have no risk if the company goes insolvent.
Sounds like the most common advice is to just hang on to it. Sounds reasonable, though I'm still worried that some period of runaway inflation between now and when I die will make $1414/mo not enough to buy me a decent hamburger & beer
1) I don't have any cash issues - I don't need the money now, just wondering what the best bet is. (See my 'Crossroad' intro in the "Hi, I am..." forum for more info on me)
2) I limited the options to just two - payout now, or lifetime annuity at age 65 - to make the analysis simpler. In reality I can take a cash payout anytime between now and 2027, or an annuity anytime between now and 2027, and the annuity could be simple, with survivorship, 50% survivorship, etc. etc. For any option, the amount would be calculated based on the $1414/mo guarantee - it would have nothing to do with what funds the pension was invested in, etc.
3) The pension is backed by PBGC, so I assume I have no risk if the company goes insolvent.
Sounds like the most common advice is to just hang on to it. Sounds reasonable, though I'm still worried that some period of runaway inflation between now and when I die will make $1414/mo not enough to buy me a decent hamburger & beer