PENSION or CASH

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  • Wed, Jun 22, 2011 - 05:51pm

    #1
    gcruwitme

    gcruwitme

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    PENSION or CASH

Both my wife and I are eligible for state pensions that each have a cash value of approx. $350K

Both are in the same state pension.

We have other assets.

Due to differences in earning and age…

Pension #1 can begin drawing early next year and will gross approx. $55K/yr.

Pension #2 will not be able to be drawn on until  3 years from now and will be worth approx. $40K/yr

The pensions will always be in $USD and subject to IRS rules….we may be choosing to live outside the US.

Do we cash out and run like hell….or do we take the annuity

  • Wed, Jun 22, 2011 - 07:59pm

    #2

    Robert Gardner

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    lucky you!

If it was my choice I would cash out and put some in PM’s, Swiss Francs and Canadian dollars.

  • Wed, Jun 22, 2011 - 08:00pm

    #3

    Robert Gardner

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    luck you …addendum….

……oh….and productive land.

  • Wed, Jun 22, 2011 - 09:08pm

    #4

    Poet

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    Iowa Farmland Prices Per Acre Chart

[quote=r101958]

……oh….and productive land.

[/quote]

I’d like your opinion on what you think of the prices of productive farmland in Iowa.

Source: http://www.extension.iastate.edu/agdm/wholefarm/html/c2-70.html

Parabolic hockey stick, anyone?

Poet

  • Thu, Jun 23, 2011 - 06:20am

    #5
    PastTense

    PastTense

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    Which state? Some states

Which state? Some states have pension plans in very bad shape; others have plans in good shape.

One possibility would be to cash one out and keep the other one as as pension.

  • Fri, Jun 24, 2011 - 12:52am

    #6
    gcruwitme

    gcruwitme

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    Washington State, which is

Washington State, which is keeping it’s assumed rate of return at 8% as best as I can tell.

  • Sun, Jan 29, 2012 - 02:01pm

    #7
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Thegreat123

Cash pension
 

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