Hiya, I’m hoping for some steerage…

The corporate I work for used to supply a Retirement Plan earlier than transferring right into a extra conventional 401Ok. They stopped contributing to the retirement plan about 10 years in the past, and at the moment are providing choices to the staff who’ve compensation beneath the previous plan a one-time solely choice to money out.

The choices are a 1 time money out, or a 50% annuity that might be paid out to me (or 75% when a partner passes) till the top of our lives, or I consider the complete annuity that might be paid beginning at 65. I’m presently 41.

One time money out: $5,376

Annuity – $93.17 per thirty days

50% Annuity – I feel half of the annuity?

I feel I ought to take the money out, as $93 per thirty days is unlikely to have an effect on my high quality of life a lot, however I may take the 5,376, and after paying taxes on it, simply put it proper right into a Roth IRA and sure get higher returns over the following 24 years.

Am I this accurately?

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