pension lump sum

[cyberknight]

The only way to decide how much lump sum to take (over and above what you might NEED to clear debts) is to make your own assumptions about life expectancy, investment growth, and inflation. Inheritance may also be a consideration. Work out the break-even point. Most financial advisers say about 26 years, so take the lump sum. I came to different conclusions.

if i make it to 92 i will be amazed , mum died in her 30s and dad made it to 69 .

 

[rogerzilla]

It's different if you retire at 55. The break even point for me was 22 years.

 

[cyberknight]

It's different if you retire at 55. The break even point for me was 22 years.

56 and i have a 12 year old kid ( and a nearly 17 year old ) so im working till im dead anyway