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Subject:  Re: Lump Sum vs Pension Annuity Date:  3/23/2011  11:31 AM
Author:  JCMcCarter Number:  68692 of 88772

I'm retired and took a "buy out" so I don't have a lot of interest in reading all that was posted. But glancing over the replies, I didn't see anyone mention one possible advantage to taking a lump sum.

My employer offered a survivor benefit that allows one's spouse to continue to collect a (reduced) "pension" after your death. So I made sure to use the reduced pension into all my calculations.

Taking the lump sum has given me a great sense of financial freedom. I am not dependant on the well-being of my former employer. I also feel somewhat "self-insured" should long term care be a necessity in our future.

The downside is that I am responsible for growing the "buy out" to meet our future needs.

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