Part-time pension

[IVE GOTTA PACKAGE 4U]

There is no 1 right answer either.

You need someones opinion that has no interest in selling you something. People squak at I don't want to spend the money.

Would you buy a 200k house without a home inspection?

 

[Re-Raise]

Off topic a little bit but here I go. I was talking to a good friend who is a banker today about retirement planning. He wanted to know if I could cash out my IBT/UPS Pension and do a direct rollover into an IRA.

JG Wentworth?

 

[scratch]

Take this one little piece of advice from me.

Go spend a few hundred dollars and buy an hour of a financial advisor time.

This is a very important decision.

My buddy has been in the banking and investing business for over forty years and I did sit down in his office for over two hours discussing various strategies. Cashing out my pension plan was just one of the things we discussed, I was just wanting to know if it was possible with ours. In the long term he thought I could get better returns with the right investments. I have never banked with him and I am seeking advice from different people that I know and trust.

 

[IVE GOTTA PACKAGE 4U]

My buddy has been in the banking and investing business for over forty years and I did sit down in his office for over two hours discussing various strategies. Cashing out my pension plan was just one of the things we discussed, I was just wanting to know if it was possible with ours. In the long term he thought I could get better returns with the right investments. I have never banked with him and I am seeking advice from different people that I know and trust.

As of right now I handle the financial investments for my household. I try to keep my wife informed and she has all the passwords to our accounts.

My biggest fear if something happens to me, I don't want her to be forced to make a decision that might not be in her best interest.

I know your wife has some special needs and you don't want to put that burden on her.


So the only thing I can say is take some time and do this the right way.

 

[Coldworld]

I can't wait for my turn!!

Wdfd... you have a few more years in the coal mine...

 

[IVE GOTTA PACKAGE 4U]

Wdfd... you have a few more years in the coal mine...

Not too long my friend

 

[Coldworld]

You need someones opinion that has no interest in selling you something. People squak at I don't want to spend the money.

Would you buy a 200k house without a home inspection?

A 200k home would be a cardboard box anywhere out on the west coast .... right @542thruNthru ????

 

[Coldworld]

Not too long my friend

I hope you make it

 

[IVE GOTTA PACKAGE 4U]

I hope you make it

I will my friend.

 

[IVE GOTTA PACKAGE 4U]

A 200k home would be a cardboard box anywhere out on the west coast .... right @542thruNthru ????

Let the west coast burn down....

 

[Coldworld]

That's why I put "Good Friend" in the post, I've personally known him for over thirty years. He doesn't need the money, the Fowler family used to own about half of our town. He said it looks like I can retire now if I want to. He thinks cashing out a pension if possible would be a better option for investment purposes in the long run.

Also depending how old you are you can’t work in another teamster represented job or work over so many hours in any field.!If so you could have a reduced pension...not sure how old you are and and if you even want to work part time, afaik you have already hit that age threshold .....on the pension question, I don’t think you could do that unless you went to a 3rd party who would buy you out for so many years probably dimes on the dollar???

 

[542thruNthru]

A 200k home would be a cardboard box anywhere out on the west coast .... right @542thruNthru ????

Lol it's funny I saw that earlier and almost wrote "I'm not wasting my money on a inspector for a 200k home!"

 

[Coldworld]

Let the west coast burn down....

Cool it tits.... if it’s so bad why the friend is everybody moving out here... they can stay the hell away afaic..... I have probably gained more equity in my house in the last 7-10 years than yours is worth total....

 

[Coldworld]

I will my friend.

good good .... I will be feeding you the milk and geritol until the very end.... then you are on your own

 

[Coldworld]

He was talking about his pension plan. Some places do allow lump sum distributions.

For very little.... dimes on the dollar.... they are going to get theirs

 

[IVE GOTTA PACKAGE 4U]

Cool it tits.... if it’s so bad why the friend is everybody moving out here... they can stay the hell away afaic..... I have probably gained more equity in my house in the last 7-10 years than yours is worth total....

You won't see me over there. Unless I'm campaigning for Trump 2020

 

[542thruNthru]

A 200k home would be a cardboard box anywhere out on the west coast .... right @542thruNthru ????

Here's a 200k "house" in San Diego.

 

[Coldworld]

I will my friend.

We will be there for you , waiting outside the prison like brad Pitt was waiting for Clooney when he was released after so many years in oceans 12....

 

[Coldworld]

Here's a 200k "house" in San Diego.
View attachment 240638

And I’m going to guess that you don’t own the property either... just the mobile home...

 

[Coldworld]

You won't see me over there. UnkeUn I'm campaigning for Trump 2020

What???