https://hotsidehustles.com/early-retirement-lump-sum-vs-pension/ Drop your 9 to-5 for good Thu, 13 Jul 2023 15:05:30 +0000 hourly 1 https://wordpress.org/?v=6.5.5 https://hotsidehustles.com/early-retirement-lump-sum-vs-pension/#comment-5836 Thu, 13 Jul 2023 02:59:18 +0000 https://hotsidehustles.com/?p=1451#comment-5836 Thanks Eric good info

]]> https://hotsidehustles.com/early-retirement-lump-sum-vs-pension/#comment-5832 Wed, 12 Jul 2023 21:20:33 +0000 https://hotsidehustles.com/?p=1451#comment-5832 Did you analyze the worthiness of the pension company? Some are in trouble. If you were to keep the pension, how often would you monitor it?

]]> https://hotsidehustles.com/early-retirement-lump-sum-vs-pension/#comment-5834 Wed, 12 Jul 2023 19:16:05 +0000 https://hotsidehustles.com/?p=1451#comment-5834 Using a reasonable payout rate of 6% you will need approx 165k at age 65 to purchase an annuity that will pay you $9800 annually.
You will have to invest 25k today over a 28 year period @7% to appreciate to 165k .
An apples to apples Net Present Value comparison (using conservative expectations) is $31.123 pension
VS
$25.0000 annuity payments at 65.

]]> https://hotsidehustles.com/early-retirement-lump-sum-vs-pension/#comment-5833 Wed, 12 Jul 2023 19:02:05 +0000 https://hotsidehustles.com/?p=1451#comment-5833 The man. The myth. The legend!

]]> https://hotsidehustles.com/early-retirement-lump-sum-vs-pension/#comment-5837 Wed, 12 Jul 2023 18:22:35 +0000 https://hotsidehustles.com/?p=1451#comment-5837 at the 2 min mark I was like lump sum. Age and crap return on pension was the factors.

]]> https://hotsidehustles.com/early-retirement-lump-sum-vs-pension/#comment-5835 Wed, 12 Jul 2023 17:23:57 +0000 https://hotsidehustles.com/?p=1451#comment-5835 Thanks. I took 6:30 the lump and invested.

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