valve monkey
Confused about dryer sheets
- Joined
- Mar 25, 2007
- Messages
- 4
I am 56 and retire in a few day's, one of my pension choices (annuity) is either 25,000 cash or a monthly check for $ 153.00 dollars for life. Which would you take?
valve monkey said:I am 56 and retire in a few day's, one of my pension choices (annuity) is either 25,000 cash or a monthly check for $ 153.00 dollars for life. Which would you take?
FIRE'd@51 said:First of all, the return is not 7.3%. Remember, the income stream stops at your death. If you die at 86, the return is 6.2%. At 96, the return is 6.9%.
3 Yrs to Go said:And if you die next month the return is (99.99)%
I'd be surprised if this decision will impact your retirement too much. $25K vs. $1,836 / year for life? I think I'd find the hassle of going to the bank every month to cash a $153 check would outweigh whatever piece of mind $1,800 a year buys me.
what's wrong with luddites? besides, a true luddite probably wouldn't have a bank account, and if so, probably wouldn't want to walk there every month.Only luddites would ...
Sundance Kid said:I'd take the lump sum!
I'd rather have it in my hands, to invest as I see fit than have the money parceled out to me, over the rest of my life. What happens, if you meet your maker, in 5 years?
Who, gets the balance my wife and her new boyfriend
... one who thinks progress has only negative impacts and hence disdains technology.what is a luddite?
d said:... one who thinks progress has only negative impacts and hence disdains technology.
The Unibombervalve monkey said:thanks for the replies, what is a luddite?