Huston55
Thinks s/he gets paid by the post
So 4.8% based on an actuarial lifespan wasn't enough to for me to keep my small employer non-COLA'ed pension....I look the $35k lump sum and will roll it into my IRA. I still intend to buy into my other ex-employer plan that has a COLA.
Isn't this based at least in part on the fact that you have enough guaranteed, COLAd income streams at SS age to ensure essential (maybe even all) expenses, and enough guaranteed income to bridge until then? So, you're essentially in the 'safety first' camp with guaranteed income, then invest heavily in equities with the remainder, correct?
If that is correct, I think NOT locking in the $35K at 4.8% is a wise decision.