50+ thread

In 2010 the company stopped funding our pension. Still have 401k.
So what ever my pension was worth in 2010 that's all it will be worth when I retire. Now our pension fund is going to be handled by some insurance company. Just started getting details about this week. So far my choices are, leave it and at 65 get a monthly check or take a full payment now.
So do I take it now and deal with the taxes or hope it's still there when I retire.
Haven't seen a choice of doing a rollover.

 

Actually I finally enrolled in TriCare about a year ago, finally. Retired Sr. Chief I work with talked me into it my experience with Champus was a disaster prior to TriCare. TriCare is picking up a lot of my expenses from my copay side. I've been pissing away money for years by not using them So yes TriCare is an option but not sure of how that works as primary insurance. Yet. Something I really need to look into.

That is an ugly picture, ugh. I would push someone to see if rollover is an option and someone is not saying anything. That is the only option I would take. But by leaving it where it is guess that is taking an option. You would come out ahead if you could invest it yourself over an insurance company and what they take out of it. But the taxes would be a huge dent.

I have an option of lump sum or monthly payments and I really like the idea of monthly payments. Not sure yet and don't have to decide right now.

 

Wow that is a dice roll I would not want to be facing :{ If you wait till 65 how stable is the insurance company will they be there after you turn 65 ? . I would be heading for a professional but even then they will be reading tea leaves or auguries which ever suits the occasion..

Cypher

 

Wonder if you can take a full payment into a Roth IRA? I "think" as long as you don't cash the check you don't pay taxes on it.

 

Was very happy with the Patient Advocacy meeting

Now I'm kinda anxious to find out the results of the thyroid ultrasound !!!!!

 

Only thing that "kinda" sucks about being retired...everyday is a week end! Friday is just another day.

 

Sounds just miserable.

 

Good afternoon! I’m definitely ready for the weekend!

 

Same here go to sleep at 0200hrs and wake up at 0900and everyday as you mentioned is a weekend!!

 

Id like to start my own transport business for these people. When i get them there authorities will ask, (What the Hell Happened to Him) dont know i was just driving.

 

In the old days in the north east it was called a Nantucket Sleigh Ride.....Seat belts were not required in paddy wagons and cruisers .... So the story I was told goes.....

Cypher

 

Sure rub it in why don't you :{ LOL

Cypher

 

our Co. stopped funding ours @ the same time. i feel thats the dirtiest thing theyve done and not at least grandfather 25+ yr people at least a reduced amount!

 

Afternoon all.

Still sitting in the recliner but now watching Miss Kitty, Festus, Doc, and the Marshal.

Nail bitter too!

 

I watching the Same Thing!! just came in from putting the blade on the 4wheeler and hauling in fire wood for the shop. callin for 4-10 inches snow Sat,Sun.Ole Matt Dillion will get there asses!

 

Another fun trip down and back up the Cajon Pass today , cant believe how many idiot drivers I saw today going thru this 6% grade . Everyone has to do 90mph plus weaving in /out of lanes cutting EA other off and playing let's cut the semi truck off

Seen one car flying up the truck restricted lanes about 90mph then flipping off a semi truck as this truck is climbing the steep grade at 30mph

And you wonder why there's nasty accidents on this pass like the 45car pileup on Christmas Morning last year

 

Is Butler going to live?

 

Oh, the horrors.

 

And with that my friends, all of the good people lived on yet another episode of Gunsmoke.

 

That one is supposed to miss us here.
May see some flurries here at the coast.