Message Font: Serif | Sans-Serif
No. of Recommendations: 0
DH is set to retire in April. We received info from his pension plan that if he goes out with 25 years his pension is xxxx. If he wants to buy out his 26th year we have to pay in $5200 by April 1. Paying the money increases his monthly check by $82.50.

So would this be a good thing or not? I would take the money out of the e fund currently earning 2% if we decided to do it. It would be paid back (in the form of the increased pension) in 5 1/4 years.

We are kind of leaning toward paying the money.

DH working longer is not an option--he is having surgery on Tues and will be off 12-16 weeks. He will be collecting on his disablity during this time.


Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.