Ask Carrie Should I Take The Lump Sum Option From My Pension
I’m about to retire and have to decide between taking a lump sum or lifetime income payments for my pension. I’m leaning toward taking the lump sum. Is this a good idea? —A Reader Dear Reader, My first thought is to say congratulations! A pension in any form—whether taken as a lump sum or as lifetime income (sometimes called a pension annuity)—or some combination of both is a valuable and increasingly rare benefit....