UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next
Author: gogreengo Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75615  
Subject: Re: Pension, annuity, or payout? Date: 9/24/2012 2:20 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Thanks, no we don't need the money now. I see what you mean about the taxes. It doesn't really make sense for us to pay taxes on the money now...unless as part of us putting it aside for retirement we decide to roll it from an IRA to a Roth, over time, believing that taxes will be higher when we retire.

I agree, there would be flexibility with taking the lump sum and putting it in an IRA and we can invest it how we want to.

Oh, they said the lump sum payout would be actuarily equivalent to if he took the benefits at age 65. Sounds like a good deal to take that money now, and invest it, and let it grow over time so in the end he gets even more than he would have if he just took the benefits at 65.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (22) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Ubiquiti Analysis
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