UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next
Author: bxm4fr Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76075  
Subject: Pension - lump sum or annuity? Date: 4/24/2014 9:40 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
I have a one time opportunity to select between a pension lump sum payment to me that can be rolled over, and several different types of lifetime annuities. If I roll over the lump sum it will not be taxed now. If I select an annuity it will be taxed as income each month it is paid. The annuity will not adjust for inflation.

Does anyone here have thoughts to share on the pluses and minuses of either selection: lump sum to be rolled over, or monthly lifetime annuity? We've gone over the numbers and discussed this here at home. But I'd like to hear what other people think as well.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (20) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Netflix Riles Investors
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement