pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
One thing to keep in mind is, if you or your wife or you pass away earlier then expected, your remanding pension funds will be done also. If you take control of your money by taking the lump sum, in early death you have your funds to pass on to heirs. I for one want the control of that money and want to invest it rather then a monthly check. To me it is nothing more then an annuity that is betting you die early, so that investment firm can capture those remaining funds at death. JM2¢
No! See post#21. In addition, the monthly pension benefit is calculated assuming that some benficiaries will die young and some will live long, but since it is unknown who that will be they are grouped and those that live long benefit from those who die early. However, since group mortality is quite predictable, it all evens out in the long run.
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