I just received a pension buyout offer consisting of the following options.
1. 200k lump sum. Which I'd roll into my Total Stock Market (VTSAX) IRA fund (current value ~1.1mm)
2. $1350 single life (non-COLA'ed) annuity that begins on 65th birthday. (I'm currently 58)
I'm interested in hearing the groups thoughts and opinions on which direction I might consider.
P.S. posted this over on the Bogleheads site as well..
Thanks in advance for the input...
1. 200k lump sum. Which I'd roll into my Total Stock Market (VTSAX) IRA fund (current value ~1.1mm)
2. $1350 single life (non-COLA'ed) annuity that begins on 65th birthday. (I'm currently 58)
I'm interested in hearing the groups thoughts and opinions on which direction I might consider.
P.S. posted this over on the Bogleheads site as well..
Thanks in advance for the input...