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Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76237  
Subject: Re: Pension info to consider Date: 10/5/2012 9:55 AM
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I agree with another post, I'd take the lump sum. I'm all about having my money in my greedy little hands instead of depending on someone else's greedy little hands.

Much can change in twenty years too. Company goes bankrupt, bought out, poorly handles the pension fund (California or Chicago anyone?), etc. I'd rather be in control of my money and take the risk and responsibility.

Also keep in mind inflation. Even at historical norms, your buying power is halved every 20 years (more or less). So that current annuity would only give you $85 in buying power. The pension $335. And I personally think that inflation has a good chance of repeating the 70s. So your annuity options would really suck if that occurs.

JLC
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