A Question Everyone Should be Allowed to Answer

This is a repost from my old blog from February, 2006.

Which of the following choices would you prefer:

$75,000 cash at age 35 and an additional $9,500 of income every year for the rest of your working years (assuming your salary doesn’t change), or
$1,386 per month starting at age 62 for the rest of your life, or
$2,015 per month starting at age 67 for the rest of your life, or
$2,500 per month starting at age 70.

For me, its a no brainer. I bet most people would take the cash now. Unfortunately, the government won’t let you decide. They have decided you may pick only from the last 3 choices.

This example is based on the remarkably helpful letter I got this year from the government.

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About Paul Stagg

Husband, lifter, MBA in Baltimore, MD. Will post about Powerlifting, politics, Classical Liberalism, Economics, building wealth, self improvement, productivity, heavy music, wine, food, beer, and almost anything else. View all posts by Paul Stagg

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