No. of Recommendations: 0
Basically, you will be "moderately afluent" without working at all for the rest of your life, guaranteed, if you take the pension. The game is over and you have won.

If you need the "thrill of the chase" set up some kind of business and run it in retirement. Or develop a serious hobby. But don't risk everything by taking a lump sum.

Old One

Who has a similar situation, but does have a portfolio also.

This is very good advice, indeed. I do not think you are "Old One" perhaps "Wise one" may be more approiate..


Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.