Thread regarding Verizon Communications Inc. layoffs

Verizon Pension Buyout

Hubby was Wireless Rifd in December. We have gotten an offer from Verizon to buy out the pension. It seems fair. Hubby ran some numbers in the spreadsheet. It seems like a good idea to take the buyout. Anybody else have any pros and cons?

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6 replies (most recent on top)

  1. Get a Financial Advisor - your own bank may provide this service free.

  2. You can take part of pension lump sum for personal use (yes it will be taxed but everything is) and roll the rest over to a traditional IRA (not taxed).

  3. You are in charge with an IRA - pay yourself annuities (if that is what FA advises)

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do it

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Thanks. Well maybe not the first poster. Try drinking a glass of water with your other beverage so you don't get a hangover. Anyhow we have already been through this with another pension buyout as far as financial planning goes. It just seemed like such a fair offer that we were stunned and more than a little suspicious. I guess we were looking to see what others thought. It seemed like the monthly numbers improved since the projections at the time of the Rif.

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Honest answer? If the numbers make sense and you feel you will be a wise steward of the money now, than take the deal.

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You are seeking financial advise from this place? Really?!? Go speak to a reputable CFP.

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Bernie and Hillary are getting married and the union will be broken. Conference bridge at 3am cause its super secret cause the union sold us out and Mars is going to attack in a week, I told you this a month ago, see I was right! And Washington is watching a storm which was part of the sellout contract to ruin lives and eat babies. That's why the gorilla was shot, to keep the truth hidden from the union minions. ALL AIR CONDITIONING WILL BE BROKEN TOMORROW, MARK MY WORDS. This was a hidden part of the contract, and they will not be fixed. Vote NO to this thing we can't read because we lost our glasses and it's in Chinese because they run the union and the Russians run the company. Do me a favor and shoot me like I was a gorilla dragging a child so I don't accidentally vote yes for this contract that doesn't really exist, except on Mars which is why they are attacking us.

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