| VRS: A bird in hand or two in the bush? (2006-03-20) |
|
|
|
|
|
marotta
Senior Member
Cash: $ 81.84
Posts: 332
Joined: 19 Nov 2004
|
| VRS: A bird in hand or two in the bush? (2006-03-20) |
 |
|
VRS: A bird in hand or two in the bush? (2006-03-20)
by David John Marotta
Dear Marotta Asset Management,
I’m retiring this summer with over 30 years’ contributions in my Virginia Retirement System (VRS) account. Because I’ve worked past the full retirement age of 65, I can participate in Partial Lump-Sum Option Payment (PLOP) plan. If I participate in PLOP, I will receive a $29,588 lump sum rolled into a retirement account. If I choose to do that, my monthly VRS income will be reduced by $216. Is this a good choice?
--Decided to Retire
Read the complete column at http://www.emarotta.com/article.php?ID=171
David John Marotta
Marotta Asset Management, Inc.
Fee-only Financial Planning
http://www.emarotta.com
|
Tue Mar 21, 2006 6:14 pm |
|
|
|
