asked

My husband's company is ending their pension plan. He is 60 years old, still working, and fully vested in the plan. He has a one-time opportunity to take the pension as a lump sum (and roll it into an IRA to avoid taxes) or set it up as an annuity with an insurance company. We are unsure whether to take the lump sum or the annuity. How should we evaluate these two options?

March 29th, 2024

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