https://www.wsj.com/articles/laid-off-tech-workers-quickly-find-new-jobs-11672097730
Now you run the risk of getting laid off during a recession, and you already saw a 25% cut in the lump sum.
3 replies (most recent on top)
The annuity option is stupid. A set amount, and not a lot for the rest of your life? No COLA.
So when you get $1800/month in 2022, you'll get the same $1800/month in 2042, even though it will be worth a smidgen of $1800 now. The annuity is a fool's game.
Take the lump sum. Invest. Enjoy life.
But for those who stayed with Ford, if they take the monthly pension check instead of the lump sum, their monthly check is NOT affected by interest rates.
Yeah there are 3three major risks if you are a pensioner and you stayed.
- If you are a 30yr. vet you loose $200k+
- Interest rates will take 2yrs+ to start to go down to 2021 levels. Question will you job be around in that time frame?
- Company freezes interest rates. After 11/30 if they freeze it you will never regain thar sum of money.
You are holding a pair of deuces they have a full house.