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<p>[QUOTE="anonymous, post: 6407172"]I've got about 21 years of total service with J & J. I left J & J in 2013 and rejoined in 2015. I'm vested in both pensions. The "old pension (FAP)" is the annuity payouts and the "new pension (RVP)" offers the employee the choice of a lump sum payout or an annuity.</p><p><br /></p><p>My question is does it make sense to take the lump sum payout of the new pension (which will be taxed btw) or the annuity? I'm leaning towards the annuity option because it will payout monthly for the rest of your life.</p><p><br /></p><p>Any retirees thoughts would be appreciated.[/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6407172"]I've got about 21 years of total service with J & J. I left J & J in 2013 and rejoined in 2015. I'm vested in both pensions. The "old pension (FAP)" is the annuity payouts and the "new pension (RVP)" offers the employee the choice of a lump sum payout or an annuity. My question is does it make sense to take the lump sum payout of the new pension (which will be taxed btw) or the annuity? I'm leaning towards the annuity option because it will payout monthly for the rest of your life. Any retirees thoughts would be appreciated.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
J & J Pension Question
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
J & J Pension Question
>