Pension Lump Sum vs Lifetime Income
A guided tool to help you pressure-test the tradeoffs before choosing.
What this tool does
- Clarifies key decision factors (health/longevity, plan security, legacy, income stability)
- Produces a recommendation + questions to ask your plan administrator
- Creates a print-ready summary
What this tool doesn’t do
- Does not compute your exact breakeven age, taxes, or investment returns
- Does not replace plan documents or legal/tax advice
Before you start
Document checklist
- Pension election package (all payout options)
- Lump sum quote and monthly benefit quote(s)
- Survivor options and reduction factors
- Any COLA details (if offered)
- Your other retirement income sources (SS estimate, portfolio, rental, etc.)
Persistent disclaimer
Educational only; confirm with CPA/plan admin; choices may be irrevocable.
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