Quote:
Originally Posted by BOTY
$32 k total/ payout in 15 years roughly $90/ month. Rollover is the best plan. but I can turn money over 6% on my own to make up the tax hit and avoid the market.
|
I don't understand this. Let's try it a different way:
Is this a defined benefit plan? If so, how old are you? At what age will the pension start to pay out? I'm assuming the $93 per month is the benefit, are there choices depending on the longer of your, or your wife's, lifespan?
Pension buyouts are a peculiar financial conundrum. The concept, AND the math are very simple, once you have the particulars, which is what I am asking for. I'm happy to explain the simple concept if you want, and do the simple math for you, but the actual decision must be made by the pension recipient, and is actually quite difficult for most people to make.
