I'm getting close to 55 and starting to think about life after work. My first decision is coming next month when I can begin taking a pension from a past employer. The question is do I take it at 55 or wait awhile. If taken on April 1st I will get $525/mo but at 65 it will be almost $1200. A simplistic view tells me to take it now and bank it. I don't need the money so I can truly put it away. This would be "pin money" since I already have about $750,000 saved for retirement.
Any thoughts----
Any thoughts----