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Those are not the only either/or options though, so it depends on your pension plan. I opted to retire 5 years early with a 20% penalty, but I got a lump sum, and a monthly payment for life, with an annual cost of living adjustment. It is really about having a good look at what your specific options are, and playing the scenarios out.
Right. This isn’t a one way or the other scenario.
As a USian under 50, what is this “pension” you peak of?