I took the lump sum .... did not need annual income from pension, plus the company where I worked was under severe financial strain the the security of the pension had some questions about it. The biggest decision I faced with the lump sum was how and when to make the investments. Sort of like going to cash with your IRA account and then having to sort through when and how to re-enter the markets at a later date. If you go with the pension, these decisions are made for you.
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