I have a pension that I can pull either monthly annuity payments or lumps sum. I understand the arguments for taking the annuity, if I think I'll live 8+ or so.
My Dad is 93 and my Mom is 88, both still kicking.
Still, having heard bad stories of corporations squandering pension funds, or having them mismanaged, gives me pause.
Another thought is that picking 100% survivor benefit for my annuity drops the monthly payout about 23%. Taking the lump sum, my wife will be the beneficiary due to my trust and will arrangements.
Has anyone taken a lumpsum pension and regretted it?
My Dad is 93 and my Mom is 88, both still kicking.
Still, having heard bad stories of corporations squandering pension funds, or having them mismanaged, gives me pause.
Another thought is that picking 100% survivor benefit for my annuity drops the monthly payout about 23%. Taking the lump sum, my wife will be the beneficiary due to my trust and will arrangements.
Has anyone taken a lumpsum pension and regretted it?