When its time to retire, many people are offered the choice between receiving Pension Plan payments or as one lump sum. There are benefits and risks to both choices. Here are some things to consider that will help you determine the best choice for your situation.
· Will the lump sum be equivalent to the amount of pension that you would receive in payments?
· If you are concerned about the future of the company, remember that as long as the Pension Benefit Guaranty Corporation insures your Pension, your benefits are guaranteed to continue.
· What will you forfeit if you choose the lump sum payments?
· Will you use some of the lump sum to invest and earn a larger amount of money?

You should thoroughly consider all of your options and discuss the benefits and the risks with your financial planner.

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