Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next
Author: readyteddy 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 19891  
Subject: Re: Pension Follow Up Date: 5/12/2005 10:37 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
With interest rates at historically low levels, you should want to take a lump sum!

BTW, anyone who wants to get a rough idea of what their lump sum would buy in the way of a guaranteed stream of income (or what kind of lump sum it would take to replace thier pension) can check here: (click on "Consider an income annuity" and follow the links...)

Or here.... (click on "request a quote")

I am not recommending income annuities or suggesting these are the best deal around, but they do provide easy to use tools for comparing a lump sum to a stream of "guaranteed" income.

Be advised, however, that insurance companies, which offer income annuities, can go broke too, and if they do, there is no Federal Agency backing them up. You get into some murky State Insurance agency guarantees. Also keep in mind the same issues which are contributing to pension under-funding (low interest rates and lousy returns on stocks) will strain insurers as well.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (10) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
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.
Post of the Day:
Simulations Plus

A Shorting Lesson Learned
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 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.