The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: Pension info to consider||Date: 10/7/2012 3:17 PM|
|Author: gogreengo||Number: 71028 of 78166|
I found a good article here about companies offering lump sums or regular pension benefits:
In the article they have a link where you can get quotes on annuities:
I ran a few numbers in their calculator:
A Single Life annuity at age 65 with a $670 a month benefit (like pension SL) would cost 120,800 (SL) to 137,667 (SL w/ 20 years survivor benefit).
A Joint Life annuity at age 65, with $670 a month benefit and 100% to survivor would cost 142,400.
A Joint Life annuity at age 65, with $500 a month benefit (like the pension 100% j/s) and 100% to survivor would cost 106,200.
A Joint Life annuity at age 47, with a cost of $35,000 and 100% to survivor would provide 125 a month.
Who knows what annuities will cost 18 years from now when we are actually 65 years old.