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Old 08-22-2016, 03:00 PM   #61
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Seems like you are being offered the minimum lump sum, which is based on the annuity payable at your NRD (typically 65. )

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Old 08-22-2016, 03:53 PM   #62
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I don't think so in that my age 61 benefit is 86% of my age 65 benefit.

If I took the lump sum and bought a 5 year deferred annuity the monthly benefit starting at age 65 would be 75% of my pension plan benefit.

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Old 08-23-2016, 05:37 AM   #63
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I'll be taking the lump sum in a few months specifically because I have thought about mortality - a lot. Turns out it is very difficult to estimate your own mortality when you have known health issues. DW and I both have ongoing fights with cancer - successful for now but it creates an unlikely long term future. Given that multiple models show our plan could carry us through another 30 plus years and we don't anticipate making it 10, taking the lump sum will either carry us to the end or take care of our offspring quite nicely.

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