Dave Byrne
Registered User
- Messages
- 39
I'm >50 and have a pension with a previous employer. I'm in need of a cash sum and I'm trying to figure out would it be better to borrow the money or to convert the pension to cash + an ARF. So I'd love an equation which proved out the better option, i.e. the cost of borrowing the money saved by taking the cash out of the pension V the appreciation of the pension if I don't touch it. There is also the likelihood that if I borrow the money, there will be pension contributions foregone over the loan paydown period.
Am I making sense?
Am I making sense?