So my wife and i had a first meeting with an advisor for Edward Jones, whom my wife got recommended to from a work friend. Anyways it got me thinking more about all this, and i know i've seen many threads over my years here on investing. I'd rather avoid advisor fees if i can and just do it...
57yo, wants to retire in 3 years
Yearly Income: $32,000
Retirement savings: $0 (will eventually get Social Security)
Pension Option 1: $870/mo (fixed for life)
Pension Option 2: $169,000 Lump Sum (rollover into IRA)
Simple payback: $169k/$870 = 16.2 years (doesn't account for growth or...
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