Taking a lump sum is more often than not a poor financial decision. A very few people come out ahead - purchasing an annuity with the money results in a lower monthly payment; there are immediate tax considerations; A High percentage of people blow through the money on foolish spending or foolish investments (yes, I'm sure YOU wouldnt be that person). Even if the company went belly up, unless you were at the high executive rank, your monthly pension would be fully guaranteed by the Pension Benefit Guaranty Corp (PBGC) - as unlikely to be terminated as Social Security or Medicare .. Ride it out and consider that pension and social security as part of your fixed income allocation, and play as you wish with the rest.. h
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