Addicting
Well-known member
I did that. I will be mostly dead by the time she can draw it. Gotta get it before St Peter calls. LolBefore making the decision, I would do this.
Take your expected age at retirement, subtract your current age.
Apply that number to what 40,000 would bring after those years at an annual rate of return you select (something like 8 percent would be what I would use).
Still make sense after that?
The lesson I try to impart here is you should not look at what the money is worth now--but what it will be worth in the future.
All kidding aside we chose the financing route. There was too big of difference assuming a 10% compounded rate.