sheldon cornped
Recycles dryer sheets
- Joined
- Mar 26, 2011
- Messages
- 221
Unless early out package is presented, I plan to hang it up 01/2016 when I turn 62.
We have multiple pension options of which I am interested in several.
At 62:
Single Life Annuity 4955/mo
Joint & Survivor 4271/mo
Lump Sum of 544,170 plus 1,562/mo Joint and Survivor
Would you take the SLA and purchase a 500,000 20 yr term life insurance policy for about 300/mo and come out about 350/mo to the good? Lump sum is tempting, but I am leaning toward the SLA option over the J & S option.
We have ample assets otherwise (>1.5mm), wife gets 1800/mo teachers ret. in a few years and I can begin SS payments at any time after 01/2016.
As always, your opinions and advice is greatly appreciated.
We have multiple pension options of which I am interested in several.
At 62:
Single Life Annuity 4955/mo
Joint & Survivor 4271/mo
Lump Sum of 544,170 plus 1,562/mo Joint and Survivor
Would you take the SLA and purchase a 500,000 20 yr term life insurance policy for about 300/mo and come out about 350/mo to the good? Lump sum is tempting, but I am leaning toward the SLA option over the J & S option.
We have ample assets otherwise (>1.5mm), wife gets 1800/mo teachers ret. in a few years and I can begin SS payments at any time after 01/2016.
As always, your opinions and advice is greatly appreciated.