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Interesting Retirement Planning Article
By JLP | June 22, 2006
It’s late, but I wanted to share this article (actually a Q & A with Walter Updegrave) that I just finished reading on the Money website. As usual, Walter offers up some pretty solid advice. However, I have one problem with the article as a whole. I’ll explain it later today. In the meantime, read the article.
Topics: Retirement Planning | 2 Comments »
June 22nd, 2006 at 4:10 am
Actually I think they make sense.
- if he were to die and his wife soon after, their kids would get nothing if he took the monthly annuity. Sure he could end up getting more then the lump some, but average life span it is unlikely and the company would get to keep all the money. However, if he took the lump some combined with his 401-k and invested wise;y, the money would grow larger and anything left could be inherited by the kids after both mom and dad died.
June 22nd, 2006 at 8:18 am
he could get an annuity with a guaranteed period.. I think that for this situation you should probably not think about what the kids are getting so much, as what the couple needs to live on.