Personal Investments • Pension vs lump sum

Hello, I am looking to make a decision on a pension from former employer
pension estimate.s
Form of Payment
One-Time
Payment To You
To Your
Beneficiary
Lump Sum $200,001.44 -- --
Single Life Annuity -- $1566.46 -- monthly
50% Joint and Survivor Annuity -- $1419.06 survivor gets $709.53 Monthly
75% Joint and Survivor Annuity -- $1355.30 survivor gets $1016.48 “
100% Joint and Survivor Annuity -- $1296.87survivor gets $1296.87 “
I have the option to roll it over to 401K or Ira the lump sum
The plan states that the lump sum is garrenteed to be no less than 5% and an assumption of 6% is used for all other payments. I did a check at immidiate innuity and these payouts appear to be larger the the quotes.
I retired last year and we are using savings to carry us to SS @ 70 I'm 69 this pension is less the 10% of our 401K,ira ect. and most of it is deffered so we are looking at some Roth conversions. What bothers me about the payouts is if DW and I pass early payouts end. If I roll over then at least relatives and Non profits will get what is left in Ira. Though We would assume the risk of managing the funds. What have others done and am I missing anything in my thinking on this. I am lucky to have this after 37yrs of woorking. Thanks.

Statistics: Posted by cavuotoj — Wed Sep 18, 2024 3:08 pm — Replies 6 — Views 239

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