I chose to leave GE a couple years ago. Today I received pension buyout info in the mail. Is this a joke, why would I do this? To accept the buyout can only hurt me, correct?
4 replies (most recent on top)
It’s numbers. Run them by making realistic assumptions and you will have your answer. Under certain conditions, a buyout is great...others not so much. Just be realistic about your assumptions and you’ll get a good answer.
It's a first low ball offer. Maybe it works for you now. Maybe not. It's all in the assumptions.
A buyout would only make sense if you were savvy enough to invest it properly. Put it in GE stock now and wait until it goes back to $30 a share. ;)
Buyouts have the benefit of allowing you to manage your own investments how you see fit. Many want the guarantee benefit of a pension because they are not good managing money. It is purely a personal decision and can work out for you either way. I personal would want the buyout because want to enjoy my early retirement years and let social security take care of me when much older. Good luck with whatever you choose.