Lumpsum Vs Monthly Payment – Which pension option is better?

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AUTHOR: smr1082 on 6/21/2024

Obviously, this depends on individual situation. I faced this dilemma in 2023, when I retired. There are pros and cons for each. Many of my colleagues opted for lump sum. That seemed to be the most popular thing to do.  I was one of the few who opted for monthly payment.

With Social Security  and monthly pension, which cover my expenses, I can be more aggressive with investing our nest egg. I don’t need to worry about funding expenses from investments in the midst of market fluctuations.  So far, I have been very happy with this decision.

What has been your experience? What would be your advice for someone faced with this choice?

Sundar Mohan Rao





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