Talk of The Villages Florida - View Single Post - Single sum pension cash out or not?
View Single Post
 
Old 09-21-2014, 07:33 PM
dbussone's Avatar
dbussone dbussone is offline
Sage
Join Date: Jun 2012
Posts: 7,833
Thanks: 0
Thanked 88 Times in 80 Posts
Default

Quote:
Originally Posted by Tornado View Post
Looking for some opinions. My former employer is offering a single sum cash payout vs waiting 13 more years to begin taking normal monthly pension amount. I don't "need" the money today, so if I did take the lump sum pay out I would roll the full amount to an IRA. I do have additional savings for retirement but not near the levels suggested. Cash out and invest or take the sure thing.....comments?

Although there are some very sharp people on TOTV, I would suggest you seek a financial professional who can fully evaluate your needs and financial circumstances. Best regards for a successful outcome.
__________________
All the great things are simple, and many can be expressed in a single word: freedom, justice, honor, duty, mercy, hope.
Winston Churchill