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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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<p>[QUOTE="anonymous, post: 6424910"]After talking to two talented actuaries, and looking at it from different perspectives, I took the lump sum after 30 years service with a traditional FAP defined benefit pension option<b> from another large pharma company.</b> So, you may discount my advice but consider the potential risk/return. (Essentially it was your old plan that apparently you folks are not allowed to take as a lump sum. Geez J&J.) </p><p><br /></p><p>I retired 5 years ago and have almost tripled it's value in the market. So, even if I had gotten 7-10% return/yr I would have done the same. Lump sum. Now, I am mostly out of the market (excluding my Covid-19 stocks like BioTech SE, VXRT and Tesla) waiting for Biden and chaos to enter the picture creating another opportunity. ....just kidding kids. Kinda. Chill. Congrats on 21 years. The rest of you, get back to work.[/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6424910"]After talking to two talented actuaries, and looking at it from different perspectives, I took the lump sum after 30 years service with a traditional FAP defined benefit pension option[B] from another large pharma company.[/B] So, you may discount my advice but consider the potential risk/return. (Essentially it was your old plan that apparently you folks are not allowed to take as a lump sum. Geez J&J.) I retired 5 years ago and have almost tripled it's value in the market. So, even if I had gotten 7-10% return/yr I would have done the same. Lump sum. Now, I am mostly out of the market (excluding my Covid-19 stocks like BioTech SE, VXRT and Tesla) waiting for Biden and chaos to enter the picture creating another opportunity. ....just kidding kids. Kinda. Chill. Congrats on 21 years. The rest of you, get back to work.[/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
>