Originally Posted by
gooselee
This.
That said, waived award redeposit can be a very valuable difference between GM/PM, *if* you plan to book/change lots of award tickets next year.
Also, the value of PM goes up the more you travel in the coming year. If you plan for your travel patterns to stay about the same or drop off, then it may not make sense to buy a status you will rarely use. On the other hand, if you plan to travel substantially more next year, all the little day-of-travel benefits will carry greater value.
It's all YMMV. Do what feels right to you, OP.
OTOH if OP will be traveling significantly more next year, then the question becomes the value of PM over GM during the time from now (or January since OP won't travel more this year) to when PM can be earned next year, including rollover but noting that the MQD requirement or waiver must be satisfied too.