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Lump Sum Pension or Monthly payment for Life at age 65?
Lump Sum Pension or Monthly payment for Life at age 65? My dad (65) is retiring this year and needs advice on how to collect his pension: a $634K lump sum or $4K/month for life. He’s very healthy, and living to 100+ wouldn’t surprise me. His financial situation: Net worth: $3.6M - $2M in retirement accounts - $1M equity in primary home ($1.4M value) - $450K equity in rental condo ($1M value) - $170K ...
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