Part of a continuing series.
You have several main options, though some of them come in multiple flavors:
Option #1 of 4 – Keep the Pension
This option applies only if the lump sum offer is coming from a traditional pension plan that provides a guaranteed retirement income for life. It does not apply to most 401(k) plans, or other similar plans where you have a specific account balance.
Up next: Option #2 - Take the lump sum and roll it over into a tax- advantaged retirement plan
For more about CESCrews' Participant Services for Lump Sum and Pension Elections click here.