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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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Pension - Lump Sum Buyout Offer
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<p>[QUOTE="anonymous, post: 6295710"]Wise approach... Take the money and invest it well in an IRA. That money should easily produce what "would have been" your pension amount at the time it was promised. When you die, you heirs will keep the balance of your IRA and be thankful you were wise enough to take this option.</p><p><br /></p><p>Ex. Your pension was to pay out $3,000 per month at 65. You are 45 presently. Your lump sum offer is ~$200k. At 65, JNJ would have roughly $900k in an annuity earmarked for you. They'd pay you $36,000/year, which is the interest off of their $900k. When you die, they keep the $900k.</p><p><br /></p><p>OR...</p><p><br /></p><p>You take your ~$200k and invest it well and earn ~10% from 45-65. Then it would be worth $1.4M. You draw just the average earnings of 10% each year ($140,000!) for the rest of your life. (You could even draw less if you choose.)When you die, your heirs are presented with a fine legacy of $1.4M.[/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6295710"]Wise approach... Take the money and invest it well in an IRA. That money should easily produce what "would have been" your pension amount at the time it was promised. When you die, you heirs will keep the balance of your IRA and be thankful you were wise enough to take this option. Ex. Your pension was to pay out $3,000 per month at 65. You are 45 presently. Your lump sum offer is ~$200k. At 65, JNJ would have roughly $900k in an annuity earmarked for you. They'd pay you $36,000/year, which is the interest off of their $900k. When you die, they keep the $900k. OR... You take your ~$200k and invest it well and earn ~10% from 45-65. Then it would be worth $1.4M. You draw just the average earnings of 10% each year ($140,000!) for the rest of your life. (You could even draw less if you choose.)When you die, your heirs are presented with a fine legacy of $1.4M.[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
Pension - Lump Sum Buyout Offer
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Johnson & Johnson
>
Pension - Lump Sum Buyout Offer
>