since we're talking retirement etc this am, wwyd with this? I can opt in to a good company pension plan, or choose to take a 403b. Pension plan is solifd, has some benefits now (free...
life insurance, disability etc) but no 'lump sum payout option at retirement. 403b doesn't have bonuses now, but has option for cash on retirement. WWYD? Oh,and some benefits come automatically thru dh so don't need pension for health benefit etc. Ideas? TY!
I used to work in pensions. What type of plan is the first one? A 403b is a regular pension - usually designed for non-profits, hospitals, etc. Are are the payout options under the 403...(more)7-4-2008 7:50am
plan - just monthly payouts? IMO monthly is better...most people who opt for a lump sum blow it. If you want the $$ when you are older and have it to count on, then do monthly installments - it's for life generally.