Spitballing Retirement Planning in Your 40's & 50's - 397
Your Money, Your Wealth
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How Do You Guys Look at Pension Options?
The 403 B can be completely or partially converted at 55 to a pension. If he takes the annuity, well, then that's a guaranteed income floor. He doesn't have Social Security. So it really depends on what's the pension payment versus the lump sum. And if you're able to draw money out of Roth IRA's and don't have a lot of taxable gain, then that can work. But also feel like I could take the money I allocate the pension and create my own.
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