tag:blogger.com,1999:blog-5465015914589377788.post5542611919493223086..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: The Cost of Longevity RiskMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5465015914589377788.post-61740227165847288372019-05-22T10:39:47.876-04:002019-05-22T10:39:47.876-04:00@Christina: Based on my recent experience, that so...@Christina: Based on my recent experience, that sounds like a solid rule of thumb. It lines up with my less specific rule that if you have a "long time" until retirement, you should take it if you can invest it smartly, and if you have a "little time", keep the pension. We had about 25 years left and the math told me taking the CV was a good option. I didn't crunch numbers to see where the crossover point would be, but 50 sounds reasonable.Returns Reapernoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-31176234199999573822019-05-22T08:45:55.630-04:002019-05-22T08:45:55.630-04:00@Christina: Sounds like solid advice to me. It&#...@Christina: Sounds like solid advice to me. It's sad when people get talked into taking the commuted value by an expensive advisor.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-16056151271578444932019-05-22T01:10:53.641-04:002019-05-22T01:10:53.641-04:00I saw a fee only financial planner and she wasn...I saw a fee only financial planner and she wasn't a fan of taking the commuted value in general. She said as a rule of thumb you shouldn't take the commuted value past 50 as you wouldn't be able to generate enough returns.Christinahttps://www.blogger.com/profile/12101294326835551890noreply@blogger.com