My wife's pension was payable as a joint annuity or lump sum. The lump sum was very low (compared to buying a similar annuity) and the annuity options very generous. They all pushed for the low lump sum. Interestingly, the advice-only advisors all recommended the annuity.
What was the loaded question? Paying off a mortgage by depleting the AUM?
Annuitizing?
Giving to heirs or charities that would not leave the money at the AUM firm?
Something else?
When faced with the same situation for my own pension with ATT, the lump sum was clearly the better option and I've increased that by 30% since taking the lump sum a few years ago.
Statistics: Posted by fpmr96a — Tue Sep 30, 2025 4:26 pm — Replies 5 — Views 542