Carpediem
Full time employment: Posting here.
- Joined
- Aug 26, 2016
- Messages
- 770
I'm in the early stages of prepping for Freedom Day. Mega froze the pension plan several years ago so I only have around $19,000 in a 'cash balance plan'. Taken as a joint and survivor payment option, the monthly payment would be around $90-95. (No COLA)
What is the best thing to do with a small pension such as this? Annuity or lump sum? I'm leaning toward rolling it into my VG tIRA but not sure how to properly evaluate the best option. Are there other better options?
Btw, I'm 60 and DW is 59 if it matters.
What is the best thing to do with a small pension such as this? Annuity or lump sum? I'm leaning toward rolling it into my VG tIRA but not sure how to properly evaluate the best option. Are there other better options?
Btw, I'm 60 and DW is 59 if it matters.
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