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Lump Sum Pension Decision for a 39 year old, advice appreciated
Old 07-05-2016, 10:45 PM   #1
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Lump Sum Pension Decision for a 39 year old, advice appreciated

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
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