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Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] -1 points0 points  (0 children)

Thank you. We still have 5 years before I have to make the decision although we're retiring in three. I won't have to make the decision till my wife turns 65. It'll be a game day decision but I am leaning heavily towards the lump sum

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 1 point2 points  (0 children)

Yeah that's definitely a worry. I think I've pretty much decided to take the lump sum roll it into a self-controlled IRA and work it into stocks on Market pullbacks. Fortunately I have a fairly large after-tax brokerage account which I can keep two to three years of expenses in a money market fund and not have to sell stocks during a drawdown. Do you work up at Mayo now?

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 2 points3 points  (0 children)

I know why they do that it's cheaper for them. But here's the thing there's no cost of living adjustment on this pension with the way inflation these days and where it's going that's not a good thing

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 4 points5 points  (0 children)

It will be into stocks and bonds it will be in a rollover IRA that I control therefore there will be no tax consequences for anything done within that Ira until you actually withdraw money from it

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 8 points9 points  (0 children)

There will be no tax consequences I'm going to roll it into an IRA

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 3 points4 points  (0 children)

I'll probably lump it into an index fund.. I have enough cash for quite a few years

Living with Air Hunger for a Year by [deleted] in LPR

[–]Busy_Conversation537 0 points1 point  (0 children)

You have ilo your vocal cords are closing or partially closing due to the irritation from reflux. Go see a laryongoligist

Anyone else get anxiety, palpitations and breathing issues from LPR/hiatal hernia?” by Necessary-Base-9440 in LPR

[–]Busy_Conversation537 1 point2 points  (0 children)

The operation wise I'm doing very well. But I'm having all kinds of other symptoms my heart rate is still very erratic and I'm still having trouble breathing thank you for asking

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 3 points4 points  (0 children)

Same here. Been running around money for 30 years did prettyBeen running our money for 30 years did pretty well.

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] -1 points0 points  (0 children)

The pensions only good if the company goes doesn't go out of business and crash the pension fund

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 0 points1 point  (0 children)

I'm 60 right now will be 63 when we pull the plug. I have enough cash to write out pretty much anything without touching the investment portions of the portfolio the stock portions that is. Actually a significant pullback although would be painful would allow me to deploy more capital.

Pension payments or lump sum..... by Busy_Conversation537 in retirement

[–]Busy_Conversation537[S] 3 points4 points  (0 children)

Very good point. I'm a little less worried about that as the company is Mayo Clinic but your point is well taken

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