I plan on taking the lump sum option from a non-cola pension. Rates obviously can make a huge difference in the amount. I'm not sure what to do?
Take it now:
Leave it:
What else did I miss?
Take it now:
- Get it invested and hopefully growing
- Reduce my risk and get it out of a company that is in lots of debt
- Interest rates are high, resulting in lower lump sum
Leave it:
- Wait for rates to go down and balance go up
- Rates probably won't go down this year?
- Rates might go down next year?
- Pension is still backed by PBGC
- Could lose lump sum option?
- Could lose some of pension?
What else did I miss?
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