So im planning on FIRE jan of 2021....
I will have a pension that will be $328k lump sum at that point.
If I do the numbers in fidelity, and waited to take that pension at 60, but still leaving work at 50.. It shows that I would take a lump sum at 60 of 464k.... When I think of this, it seems to me that I would be better of to take the pension at 50, and throw it into a vanguard or something similar etc.
Am I seeing this right, that the best way to do this would be to take the pension and roll it into something else...
Just FYI... im calculating that I will have 1.1m in taxable accounts by then, as well as 800k in my 401k. and about 150k cash etc... So the thought is to roll the pension, into my 401... Live off the 1.1m taxable 4% or something along that lines.. Until I can take my 401
I have kind of a radical leap im taking towards FIRE later this year, but that will make my numbers even higher, but im waiting till jan 2021 because my medical retirement bennies don't become available until I turn 50
Thanks
Thanks
Thomas