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I got a very interesting piece of mail today . . .
Back in the late '90s, I worked for Consumers Union (publisher of Consumer Reports) in their San Francisco consumer advocacy office. It was a grant-funded position that lasted three years. During that time, I contributed the max to a retirement fund which Consumers Union matched.
Today's mail included a nice letter from the retirement fund, letting me know that they're offering a one-time option for people who are at least 59.5 years old, no longer work for Consumers Union, and have at least $10,000 in their retirement account.
I can either take a lump sum payment ($22,706, less taxes), roll it over into an IRA, or turn it into a monthly annunity ($186) that starts paying immediately and pays out until I croak.
What to do? What to do?
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