...I mention this because one option in some pension plans is to take the money and run....Or to use the lump sum money to buy a better annunity from a third party that has options that your companies annunity might not have.One possibility with taking a lump sume instead of a pension, it to keep the money invested and then to buy an annunity when you are older, like 75, if you are still alive and in good health then. The cost of an annunity for a 75 years old would be significantely less than a 65 year old. This would also give ten less years for inflation to decrease the value of the pension. Interest rates and inflation are a major factors in determineing how much an annunity payment or lump sum is so taking a lump sum when interest rates are very low like now, and buying an annunity in five or ten years when interest rates may be higher, could work out very well.Greg
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