Row 20950

Row ID: 20950 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 20950 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

This math assumes the pension payout is tax free. From what I have googled, it seems as long as the sum goes directly into a retirement account, it can be tax free (but 20% may or may not get withheld and repaid once OP files taxes).

That being said, OP, the above suggestion is definitely the move. Waiting 30+ years for 1.1k a month is a very poor proposition in my eyes. Assuming 3% inflation YoY, you're looking at ~$400 in today's money per month if you were to wait for the monthly payout.

Take the lump sum.

FieldValue
text This math assumes the pension payout is tax free. From what I have googled, it seems as long as the sum goes directly into a retirement account, it can be tax free (but 20% may or may not get withheld and repaid once OP files taxes). That being said, OP, the above suggestion is definitely the move. Waiting 30+ years for 1.1k a month is a very poor proposition in my eyes. Assuming 3% inflation YoY, you're looking at ~$400 in today's money per month if you were to wait for the monthly payout. …
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-21
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url_encoded Z0FBQUFBQm5Lak9Qb2RLS0tGb0xRVi13X3dLSmtzQlRkc0Rrd21aRnhGcXZhem5aYk5NSWdSWHVMU2JxMllUN2EzSUliNHRudUVTNTFGQl8xTDY5VW5iTmZOZF93d0lXdV9qSVA1bUp5TUdHOHdQZ0ZMSTRmcjBkUmJGNVNQeUwwWWhVcXhJRnNyRXNjcVBGdlE3aDcyRXMzYzFCbTEzZnJOLW1iUnZCQjcySVZjeFhtbWNITVVEbEN5RFNROXYxLW8tc2diMzg5QmxwY0t1TWZLMXUzcXhoSTZYNUhMbTZEdz09

Raw Record

{
  "text": "This math assumes the pension payout is tax free.  From what I have googled, it seems as long as the sum goes directly into a retirement account, it can be tax free (but 20% may or may not get withheld and repaid once OP files taxes).\n\nThat being said, OP, the above suggestion is definitely the move.  Waiting 30+ years for 1.1k a month is a very poor proposition in my eyes.  Assuming 3% inflation YoY, you're looking at ~$400 in today's money per month if you were to wait for the monthly payout.\n\nTake the lump sum.",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5Lak1BbnU1ZlJ4WW03NTVQcWJvamd3WloyNVc0QzdRR3JDampMOFptVnptalVRY3pFSTVzS0YxX2dVZGV3ZjVJN1B1UFgzMVEzYllDdFg0aG1TWDM3eGxRQkE9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9Qb2RLS0tGb0xRVi13X3dLSmtzQlRkc0Rrd21aRnhGcXZhem5aYk5NSWdSWHVMU2JxMllUN2EzSUliNHRudUVTNTFGQl8xTDY5VW5iTmZOZF93d0lXdV9qSVA1bUp5TUdHOHdQZ0ZMSTRmcjBkUmJGNVNQeUwwWWhVcXhJRnNyRXNjcVBGdlE3aDcyRXMzYzFCbTEzZnJOLW1iUnZCQjcySVZjeFhtbWNITVVEbEN5RFNROXYxLW8tc2diMzg5QmxwY0t1TWZLMXUzcXhoSTZYNUhMbTZEdz09"
}
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