Risk transfer away from market driven losses is my primary motivator and if risk is less with hundred year old insurance company than my current employer? A promised income stream vs an income stream that might get cut in half or lost all together vs the stability of the annuity industry insurance companies income stream? Great advice to weigh out the choices at retirement between company pension and annuity industry annuity pension.
When I was laid off in early 2019, I had a small pension. It wasn't zero, but if left in place in the pension plan (which wouldn't start until I was 65, some 10 yrs in the future) it also wasn't going to be much monthly, especially with inflation. Seeing the multiple major, bad (in my opinion) decisions the company made and that they were (at the time) the most indebted company on the planet, and that the options were limited, I decided to roll out the pension to my IRA where at least I had more control. I would imagine if one had a government agency-type pension and were to make it to full retirement, it may be well worth it to keep. But learning from the many Stan videos, there are many more ways to choose and structure SPIA's and DIA's if that is what one wishes to do.
Great video I have a scenario 50 year old male with $100,000 can you put in a government annuity and get 12,000 for the rest of your life is that a good deal
Risk transfer away from market driven losses is my primary motivator and if risk is less with hundred year old insurance company than my current employer? A promised income stream vs an income stream that might get cut in half or lost all together vs the stability of the annuity industry insurance companies income stream? Great advice to weigh out the choices at retirement between company pension and annuity industry annuity pension.
When I was laid off in early 2019, I had a small pension. It wasn't zero, but if left in place in the pension plan (which wouldn't start until I was 65, some 10 yrs in the future) it also wasn't going to be much monthly, especially with inflation. Seeing the multiple major, bad (in my opinion) decisions the company made and that they were (at the time) the most indebted company on the planet, and that the options were limited, I decided to roll out the pension to my IRA where at least I had more control. I would imagine if one had a government agency-type pension and were to make it to full retirement, it may be well worth it to keep. But learning from the many Stan videos, there are many more ways to choose and structure SPIA's and DIA's if that is what one wishes to do.
Thanks Pete!
Great video I have a scenario 50 year old male with $100,000 can you put in a government annuity and get 12,000 for the rest of your life is that a good deal
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