I have a pension coming up when I retire (2019) and can either do lump sum or annuity.
Usually most advice to take the annuity.
However, consider your spouse if you die ....
the lump sum will be totally hers as a beneficiary.
If you you take the annuity, the 100% survivor benefit option drops the monthly payout by 15%+.
That plus the annuity is not COLA.
Will this make the lump sum more attractive??
Usually most advice to take the annuity.
However, consider your spouse if you die ....
the lump sum will be totally hers as a beneficiary.
If you you take the annuity, the 100% survivor benefit option drops the monthly payout by 15%+.
That plus the annuity is not COLA.
Will this make the lump sum more attractive??