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Kiplinger
Kiplinger
Business
Joe F. Schmitz Jr., CFP®, ChFC®, CKA®

Should You Take Your Pension as a Lump Sum?

(Image credit: Getty Images)

Are you getting ready to retire and deciding what to do with your pension? Making the wrong decision can be costly, especially considering that, most likely, you won't be able to change it.

Plus, the impact of these decisions is usually 20 years or longer. Many of our clients nowadays are taking the lump sum option. Let's talk you through the pros and cons of doing so to see what can make the most sense for you.

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