Should I take my pension as a lump sum or lifetime payments?
The lump sum-or-annuity decision can be a complicated one, and the decision that’s right for one person may not be best for another. Which makes it all the more important that you really think through your choices and settle on an option that makes the most sense for your particular circumstances.
Carefully Considering Pension Payment Options
Companies are increasingly offering retirees and former employees the option of taking their pensions in a lump-sum payment, rather than as a traditional monthly payment over a lifetime.