PENSION or CASH

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gcruwitme's picture
gcruwitme
Status: Member (Offline)
Joined: Jun 9 2011
Posts: 13
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

r101958's picture
r101958
Status: Martenson Brigade Member (Offline)
Joined: Aug 24 2008
Posts: 257
lucky you!

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

r101958's picture
r101958
Status: Martenson Brigade Member (Offline)
Joined: Aug 24 2008
Posts: 257
luck you ...addendum....

......oh....and productive land.

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1891
Iowa Farmland Prices Per Acre Chart
r101958 wrote:

......oh....and productive land.

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

PastTense's picture
PastTense
Status: Bronze Member (Offline)
Joined: Dec 13 2010
Posts: 47
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.

gcruwitme's picture
gcruwitme
Status: Member (Offline)
Joined: Jun 9 2011
Posts: 13
Washington State, which is

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

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