I am 39, FIREed for a while now, and have been offered a lump sum payment for my pension.
Would love some thoughts and advice on the following options.
Option 1 - take lump sum Sept 1st of $100,514 (I think/assume I can simply roll this into an IRA and let it grow tax deferred?)
Option 2 - take benefits starting 9/1/2016 $388/month (life annuity guaranteed 60 payments)
current option 3 (if I do nothing by mid august which is deadline for choosing either of the first two options) - take benefits starting 9/1/2041 of 2,480 (life annuity guaranteed 60 payments)
quick facts -
Current work related income is 0, net worth is approx 7MM.
I introduced myself in the past in case it is pertinent here:
FIREd at 37 with Net Worth of approx 5MM comments/criticism welcome