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This is a total FVM conversation...if you can roll it into an IRA stick it in a market ETF and calculate an avg of 11% annual ROI until you retire..Rule of 72 says the balance should double every 6.5 yrs so it could potentially quadruple before you retire. Compare that with your pension benefit at that same time and choose the larger
I doubt Deloitte has risk about not being there but “airbody” thought Arthur Anderson was good before the Enron bloodbath. I would think that’s a possibility. At the end of the day unless you face a tax liability, be in control of your own $$$
If you wanna provide specifics we can nail it down in less than 5 min; round numbers works
Got it; thanks! I will receive the details six months after separation from the firm, so another five months to go. When I receive the specifics, can share that too.
But while I wait, I was curious to hear anecdotal experience of other folks who also had same option of cashing out pension amount. Thanks!
Lumpsum
Could you please explain your reasoning? I am just trying to understand it. Thanks in advance!
I rolled mine from EY into my 401k - if you take a lump sum I believe you have to pay taxes
If you move it into a 401k you limit your investment options