Maybe all you financially bright folks can help me make an important decision.
When I left a large corporation 25 years ago I was vested with a lifetime pension of $1758.00 per month beginning at age 65. I’m now 60 and I never really thought I’d see it.
In the meantime, the division of the corporation that owes me the pension was sold to another corporation and in the merger my pension was reduced to $1438.07 per month beginning at age 65 and I was sent a bulk distribution of around $40,000 to make up for the difference. The reduced amount is vested but subject to further changes in the new corporation’s pension plan.
They’re now offering me a lifetime annuity of $946.68 a month starting now (age 60) and not subject to changes at the new corporation.
Neither payment is adjusted for inflation.
Which do I choose?
Thanks in advance for your help!
Submitted February 12, 2018 at 10:31AM by BrightDaysForward http://ift.tt/2EAdUoL
