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DB Pension: Commuted vs. Annuity
Post Body
I am 30, and my options are:
- 10.6K commuted value, Now
Or
- 273$/month for life. (3,276$/year)
Spouse is entitled to 60% if I pass.
It starts at age 65 (in 35 years)
Which do you pick, and why?
Edit: PUBLICLY OWNED COMPANY, not government pension
Comments
Doesn’t sound like you’ll have this problem but usually commuted values have a locked In and cash payment. The cash payment is taxed at a high rate and you won’t have that to invest. I see a lot of people trying to compare their CV to the annuity without factoring in the tax hit.
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