Me: iPad Air 2 - because I travel, I must have an iPad to keep from going crazy during long waits. Unfortunately, my iPad2 died. I already bought it.
Wife: bike with carrier for the toddler.
Daughter: her first bike.
Son: he is 1. Any toy will do.
Bottom line: this is going to be a very expensive Christmas. But, it will be cheaper than flying everyone to Texas this year.
Wednesday, November 26, 2014
(Note – the numbers below are a fiction designed to make the math simple. Before making the same choice, you will need to do the math yourself).
At a prior employer, I managed to become vested in a Defined Benefit plan before they “froze” it. As a result, I was entitled to approximately $1,000 per month beginning at age 65. BUT, they decided to give me an opportunity to take an annuity now (about $270) or a direct rollover to my IRA.
Simply put, I chose the direct rollover to my IRA.
Why? Flexibility. Although my income right now is very good, I am in an industry that doesn’t have many 60-70 year olds. When that time comes, I want to have the flexibility to act in my own interest.