Lump Sum vs. Pension: Which Should You Take?

If you're lucky enough to have a pension, you'll eventually face the decision of how to receive it.

The Security of a Pension

A monthly check for life offers guaranteed income and removes the risk of you outliving your money.

The Control of a Lump Sum

Taking the cash allows you to invest it as you wish and leave any remaining money to your heirs.

Health and Beneficiaries

Consider your life expectancy and whether your spouse would need the continued income from a survivor pension.