Rent the vacation home, don't buy it unless you have the cash to do so. They don't have the cash. Nor would I tie up that kind of liquidity in an illiquid asset.
I seriously would consider keeping the pension and taking the monthly annuity if the funding is secure. It's rare that a person will outmanage the pension and earn a return higher than the annual annuity provided by it, for a lifetime especially on a joint and survivor annuity.
I seriously would consider keeping the pension and taking the monthly annuity if the funding is secure. It's rare that a person will outmanage the pension and earn a return higher than the annual annuity provided by it, for a lifetime especially on a joint and survivor annuity.
Statistics: Posted by Grt2bOutdoors — Sun Jun 30, 2024 9:30 pm