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Nothingland Something about nothing - game threads, diversions, time-wasters |
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#11866 | ||
The Un-Tuckian
Join Date: Apr 2007
Location: South Central...KY that is
Posts: 39,517
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#11867 |
Fucktard Resistance League
Join Date: Jun 2008
Location: 1.14 acres of heaven
Posts: 1,512
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#11868 |
still says videotape
Join Date: Feb 2001
Posts: 26,813
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Happy = Day trip to Tug Hill Plateau xc skiing with Pete today.
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If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis |
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#11869 |
Fucktard Resistance League
Join Date: Jun 2008
Location: 1.14 acres of heaven
Posts: 1,512
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I got a very interesting piece of mail today . . .
Back in the late '90s, I worked for Consumers Union (publisher of Consumer Reports) in their San Francisco consumer advocacy office. It was a grant-funded position that lasted three years. During that time, I contributed the max to a retirement fund which Consumers Union matched. Today's mail included a nice letter from the retirement fund, letting me know that they're offering a one-time option for people who are at least 59.5 years old, no longer work for Consumers Union, and have at least $10,000 in their retirement account. I can either take a lump sum payment ($22,706, less taxes), roll it over into an IRA, or turn it into a monthly annunity ($186) that starts paying immediately and pays out until I croak. What to do? What to do? |
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#11870 |
The Un-Tuckian
Join Date: Apr 2007
Location: South Central...KY that is
Posts: 39,517
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I'd never notice $186.
Take the chunk and put it in something similar, or roll it. Then again, if the $186 would make a noticeable difference, then that might be the thing to do. Maybe that matches nicely with a monthly bill. Hey, free electricity/groceries/heat/water/weed for life!!! Yeah, that wasn't any help at all.
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#11871 |
Encroaching on your decrees
Join Date: Feb 2004
Location: An island within the south-west coast of Scotland
Posts: 7,016
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I got a recent offer from a similar pension fund - they wanted to buy me out because if I take the money now it's the cheaper option for them, and it was impossible that putting it into a new scheme (i.e. IRA in your case) would bring me the same income that is available under the current scheme. My financial adviser said stick. YMMV.
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Living it up on the edge ... of civilisation, within the southwest coast of ![]() |
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#11872 | |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
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#11873 | ||
Fucktard Resistance League
Join Date: Jun 2008
Location: 1.14 acres of heaven
Posts: 1,512
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Besides, I've decided I need a fence along my southern property line - the asshole neighbor on the other side has forced me to take him to court because he won't pay his share of the cost to repair my road (logging truck damage). That southern boundary is 310 feet, and I want a GOOD fence that won't crap out 10 years from now - I've decided on clear-coated cedar with metal posts in cement. I don't want asshole neighbor or his seven brats crossing my property line ever again. That's an $8200 bill. Plus, I've got to pay the full road repair cost myself, and will eventually get repaid by asshole neighbor. That's $5900 to me (with an eventual $4747 repayment). And, I'm going to have the road construction crew move some land around my property to give me a flat/terraced back yard (20% slope back there right now) and build a 20' x 30' graveled pallet so I can one day build a nice outbuilding. That's another $5000 for a total of about $19,000. My initial thought is to take the lump sum payment, pay for all this shit, put whatever's left over into my IRA, and put the eventual payment from asshole neighbor into the IRA as well. Quote:
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#11874 | |
Fucktard Resistance League
Join Date: Jun 2008
Location: 1.14 acres of heaven
Posts: 1,512
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Not sure about paying taxes on the annuity, as Washington state has no income taxes . . . ? Gotta get a money guy, I guess. ![]() |
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#11875 |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
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No WA taxes but the Fed gummint do take a bite.
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#11876 |
UNDER CONDITIONAL MITIGATION
Join Date: Mar 2004
Location: Austin, TX
Posts: 20,012
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I guess for me it would depend on how much retirement savings I already had. $186 a month isn't a ton, but unless you die in the next ten years, it is more than the payout. You probably won't die in the next ten years. But if I already knew I was going to be okay--through existing 401Ks, other pensions, or whatever--then I'd probably take the lump sum just for the convenience of it. Long-term fixed income is subject to the whims of inflation anyway.
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#11877 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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So that lump would be about $15,000 after taxes? I can see the advantage of doing the shit you have/want to do now and be done with it. I would roll it into an IRA but you have to decide what works for you because you're mileage may vary.
I think you need CROWS on that fence. ![]()
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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#11878 |
The Un-Tuckian
Join Date: Apr 2007
Location: South Central...KY that is
Posts: 39,517
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Somebody please tell Ndamukong Suh.
__________________
![]() These statements have not been evaluated by the FDA, EPA, FBI, DEA, CDC, or FDIC. These statements are not intended to diagnose, cause, treat, cure, or prevent any disease. If you feel you have been harmed/offended by, or, disagree with any of the above statements or images, please feel free to fuck right off. |
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#11879 | |
Fucktard Resistance League
Join Date: Jun 2008
Location: 1.14 acres of heaven
Posts: 1,512
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#11880 | |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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