Tuesday, January 01, 2008

File Cabinets

I just finished cleaning out 11 pounds of paper from our file cabinets!

I tend to put it off because...well, it's just not fun.

But - believe it or not, while doing so, I found somewhere between $846 and $995!! Can you believe it!?

Here's the story:

Way back in the mid-1990's, I got my first real job, and I was talked into contributing to an annuity. I contributed for a whopping 1 year. Then, I stopped. It has sat ever since, because there were MUCHO penalties for early withdrawal.

But - I've let it sit now for 13 years. And...I looked at the setup, and the withdrawal penalty isn't quite as bad as it was. 5% + taxes.

Now, I'd lose that 5% + taxes if I cashed it in.

Is it worth it?

I'm not sure yet. Think I'll ask on llnoe.com . I'm confused as to whether I should just sit on it. I'd love not to have to worry about the paperwork - I keep forgetting about it.

But - my files are cleaned out! Yay! I'm going to paperless with most of my bills, too, which is nice. Anything I can, will. I like that.

It sure would be nice to have another $800 to send to the BECC, though...

1 comment:

Canadian Saver said...

Oh that is a nice surprise!! I need to clean out my file cabinet, organize my desk, declutter, etc etc. but I doubt I'll be as lucky as you!