I am eligible to retire at the end of 1998 and am doing some financial planning. My employer offers only a lifetime annuity option for receiving the defined benefit portion of my retirement, but I'd like some way of accurately assessing its equivalent as a lump sum. This information will be used in planning for asset allocation - as I plan on treating the lump sum amount as if it were invested in a fixed return investment.Would any of you be willing to share conversion tables used by companies which offer both lump sum and lifetime annuity options? I'll be 52 at the time of retirement.
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