Moneygrubber
Recycles dryer sheets
- Joined
- Oct 16, 2011
- Messages
- 156
Hi All
I greatly respect the opinions of the board members in this forum. Again I am struggling with the question of LS vs Annuity for my pension.
The particulars:
DW and I 54, plan on ER at 55 in April 2016
Working for megacorp for 32 yrs, pension, 401k and ss
Large utility co in Northeast.
Wife plan to retire also, no pension but ss.
Pension at 55 is 396,000 lump sum or $34,512 per year, no cola with 100% survivor for DW.
Both in good health from very long lived families.
Non retirement =1.5 mil
Retirement =1.8 mil (roths,ira's, 401k)
I can withdraw from 401k at 55 (1.25mil bal)
Essential expenses =$62,500
Full boat with golf vacations etc: $92,300
Fidelity RIP says 10 mil at end of plan for Annuity, 8.9 mil with LS
Also will inherit another 1.2 mil not included in plan.
Taxable divvys $44,000 to 15k cap gains
401k can generate another 30k in divvys.
I like being able to cover all essential expenses with annuity and divvys but still dont like giving up principal. Opinions, thoughts analysis welcome. What would you do?
60/40 asset allocation
I greatly respect the opinions of the board members in this forum. Again I am struggling with the question of LS vs Annuity for my pension.
The particulars:
DW and I 54, plan on ER at 55 in April 2016
Working for megacorp for 32 yrs, pension, 401k and ss
Large utility co in Northeast.
Wife plan to retire also, no pension but ss.
Pension at 55 is 396,000 lump sum or $34,512 per year, no cola with 100% survivor for DW.
Both in good health from very long lived families.
Non retirement =1.5 mil
Retirement =1.8 mil (roths,ira's, 401k)
I can withdraw from 401k at 55 (1.25mil bal)
Essential expenses =$62,500
Full boat with golf vacations etc: $92,300
Fidelity RIP says 10 mil at end of plan for Annuity, 8.9 mil with LS
Also will inherit another 1.2 mil not included in plan.
Taxable divvys $44,000 to 15k cap gains
401k can generate another 30k in divvys.
I like being able to cover all essential expenses with annuity and divvys but still dont like giving up principal. Opinions, thoughts analysis welcome. What would you do?
60/40 asset allocation