Pension benefit lump sum

Discussion in 'Pfizer' started by Anonymous, Aug 22, 2014 at 9:28 AM.

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  1. Anonymous

    Anonymous Guest

    So can you give a high level overview of what you learned? Let's make this thread useful.
     

  2. anonymous

    anonymous Guest

    You're lucky you're getting anything.
     
  3. anonymous

    anonymous Guest

     
  4. anonymous

    anonymous Guest

    so anxious to reply that I forgot to type - whoever posted this either got the benefit of a blown calculation or is completely full of crap - those numbers DO NOT work at all not even close to reality !!
     
  5. anonymous

    anonymous Guest


    Bingo. Best advice. Based on my actuaries, I should live to 92. ( if I die of an accident nothing matters and at least my spouse gets something (50%). If I live to even 85, I make out better keeping the monthly annuity.

    Financial Planners want You to take a lump, invest it with them so they can get their commission. Talk to your CPA and let them know your family history of longevity.
    Do the math.
     
  6. anonymous

    anonymous Guest

    Agreed. Half that is more like it.
     
  7. anonymous

    anonymous Guest

    Those lump sums are all over the place.

    left in 09
    age 38
    16 yrs

    lump sum 160k???

    What is the formula. I figured present value of based on 20 years of retirement? is that even close?
     
  8. anonymous

    anonymous Guest

     
  9. anonymous

    anonymous Guest

    Good point about if you go your spouse only gets 50% of the annuity of the annuity. Plus after your spouse goes it is my understanding that there is no further annuity payment to anyone else. This alone points me in the direction of taking the lump sum now, investing it in an IRA. After I go and my spouse goes the IRA can continue on to my heirs as opposed to an annuity.
     
  10. anonymous

    anonymous Guest

     
  11. anonymous

    anonymous Guest

    What a dimwit comment to make.... why does anyone post anything at this site? It's a sounding board, a place to read other's experiences and/or perspective. Duh.
     
  12. anonymous

    anonymous Guest

    That's funny. If you croak in a year, what does it matter? You're dead!
     
  13. anonymous

    anonymous Guest

    Youre either bullshitting us, or you've miscalculated. No way your lump and pension are that.
     
  14. anonymous

    anonymous Guest

    The operative word is IF you make it to 85. Most don't.
     
  15. anonymous

    anonymous Guest

    I don't think 85 is the break even point for taking lump or pension. I think it may be maybe 65.How do you calculate that?
     
  16. anonymous

    anonymous Guest

    You take your age (for example 62) and years of service. If you started at 25 that plus 62 equals: 87.
     
  17. anonymous

    anonymous Guest

    Left in 2011
    10 yrs of service
    35 Years old at time of departure
    ~$950 / mo annuity option starting at 65
    OR
    $36,000 lump sum before taxes

    How the heck does everyone else on here have WAY higher lump sum numbers? I realize the deadline is over (last Friday) but I just found this website now and wonder why mine seems so low????
     
  18. anonymous

    anonymous Guest

     
  19. anonymous

    anonymous Guest

    Wrong on the lump, and probably the monthly. Where do you get this shit?
     
  20. anonymous

    anonymous Guest

    Because most are too stupid to interpret their numbers.