Comments on: Cash Value Versus The Annuity From Your Pension Plan – What You Need To Know http://www.thefinancialblogger.com/cash-value-versus-the-annuity-from-your-pension-plan-%e2%80%93-what-you-need-to-know/ This is where your finance takes place Thu, 09 Feb 2012 14:46:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Ken Jaeger http://www.thefinancialblogger.com/cash-value-versus-the-annuity-from-your-pension-plan-%e2%80%93-what-you-need-to-know/comment-page-1/#comment-8049 Ken Jaeger Sat, 05 Dec 2009 14:10:23 +0000 http://www.thefinancialblogger.com/?p=1604#comment-8049 I read this article and still had a lot of questions. I think the most important thing is that the pension is for life. A lump-sum payment would have to be annuitized using an annuity to draw a true comparison. For example, I was going to get $1800/month from Constellation Energy upon reaching retirment age. A 7% step up annuity I got from MetLife gave me a $3200/month income at the same age. Therefore, I took the lump sum, invested it in an annuity and almost doubled my monthly retirement income. The advisor at RolloverCenter.com who did the illustration for me said taking the lump sum and annuitizing it has always made more sense in all the situations he had seen. I read this article and still had a lot of questions. I think the most important thing is that the pension is for life. A lump-sum payment would have to be annuitized using an annuity to draw a true comparison. For example, I was going to get $1800/month from Constellation Energy upon reaching retirment age. A 7% step up annuity I got from MetLife gave me a $3200/month income at the same age. Therefore, I took the lump sum, invested it in an annuity and almost doubled my monthly retirement income. The advisor at RolloverCenter.com who did the illustration for me said taking the lump sum and annuitizing it has always made more sense in all the situations he had seen.

]]> By: Intelligent Speculator | Ramblings http://www.thefinancialblogger.com/cash-value-versus-the-annuity-from-your-pension-plan-%e2%80%93-what-you-need-to-know/comment-page-1/#comment-5850 Intelligent Speculator | Ramblings Sun, 17 May 2009 14:33:28 +0000 http://www.thefinancialblogger.com/?p=1604#comment-5850 [...] discusses the choice of taking an annuity of a lump sum when changing jobs DGI discusses the changes in Warren Buffet’s Berkshire portfolio Very [...] [...] discusses the choice of taking an annuity of a lump sum when changing jobs DGI discusses the changes in Warren Buffet’s Berkshire portfolio Very [...]

]]> By: The Financial Blogger » Blog Archive » Cash Value Versus The Annuity From Your Pension Plan – What You Need To Know Part2 http://www.thefinancialblogger.com/cash-value-versus-the-annuity-from-your-pension-plan-%e2%80%93-what-you-need-to-know/comment-page-1/#comment-5833 The Financial Blogger » Blog Archive » Cash Value Versus The Annuity From Your Pension Plan – What You Need To Know Part2 Thu, 14 May 2009 10:34:34 +0000 http://www.thefinancialblogger.com/?p=1604#comment-5833 [...] in regards to cashing your pension plan or taking the annuity. I started yesterday with the cash value of the pension plan and I continue describing it [...] [...] in regards to cashing your pension plan or taking the annuity. I started yesterday with the cash value of the pension plan and I continue describing it [...]

]]> By: Bill - Learn The Stock Market http://www.thefinancialblogger.com/cash-value-versus-the-annuity-from-your-pension-plan-%e2%80%93-what-you-need-to-know/comment-page-1/#comment-5831 Bill - Learn The Stock Market Thu, 14 May 2009 04:42:31 +0000 http://www.thefinancialblogger.com/?p=1604#comment-5831 It depends so much on the person's profile. If they are still horrible spenders, with a lot of debt, I'd be more tempted to have them leave it in the pension. I look forward to your break down. If you'd be interested in exchanging blogroll links let me know. Thanks. It depends so much on the person’s profile. If they are still horrible spenders, with a lot of debt, I’d be more tempted to have them leave it in the pension. I look forward to your break down.

If you’d be interested in exchanging blogroll links let me know.

Thanks.

]]>