FYI, Boeing has floated the word bankruptcy in the past 24 hours as an alternative they may seek.
When I left my last employer/megacorp, I took the lump sum. Megacorp was having its share of problems at the time and I wanted control. I manage my money better and am more interested in my well being than megacorp or their pension/fund managers. When I cut ties with a company, the same way I always rollover my 401k money to IRA, I want the pension money. I do not want any loose ends with megacorp.
I have a small pension from my very first employer where I worked 40 years ago. Unfortunately lump sum was not an option offered. So, I take my monthly taxable $200.
When I left my last employer/megacorp, I took the lump sum. Megacorp was having its share of problems at the time and I wanted control. I manage my money better and am more interested in my well being than megacorp or their pension/fund managers. When I cut ties with a company, the same way I always rollover my 401k money to IRA, I want the pension money. I do not want any loose ends with megacorp.
I have a small pension from my very first employer where I worked 40 years ago. Unfortunately lump sum was not an option offered. So, I take my monthly taxable $200.