The bleeding continues.
12 replies (most recent on top)
Annuity (that is monthly for life) for top rated pay in the NE with 100% survivor benefit is roughly $3200 a month. Before taxes. Retire at say 60 and live until 80, that equates to $768,000. With the interest rates where they are now and for a few more years, that's more than what the lump sums are. Unfortunately, people dug themselves into a hole they now cannot get out of. If you were close to going 18 months ago. You should have taken the $$ and ran. Even an offer now won't make help.
40k a year? Where will you live? Inflation will eat that up so fast your head will spin.
Wrong check the SPD , fully guaranteed
Only 60 percent of the annuity is federally insured.
The annuity pension is federally ins.
Taking the annuity assumes vz is still around in 10, 20 or 30 years to pay it, good luck with that
Annuity is about 40k per year for life. If you take the lump sum, you roll it into a 401k, you draw 4% a year on it for 30yrs. Then it's gone. Your buy out needs to be 1million to equal the Annuity. 1000000 x 4% equals 40k per yr. Annuity is better now.
I believe the monthly annuity does not have an annual cost of living increase.
The annuity s@#ks. It's just under 40k a year. That's about 40% of yearly top pay. But I guess the direction the lump is going, pretty soon the annuity WILL be a better option. Who would of thunk?
Just take the monthy and this means nothing
Oh my aching sausage. Another 50k gone!
nobody will be leaving with the gatt rate at that rate .just wait until the end of the contract to leave thats all.they have to pay you to do nothing if they have no work,thats it.