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Kiplinger
Kiplinger
Business
Thomas Scorcia

You're Offered a Lump Sum Instead of a Monthly Pension: Should You Take It?

Green and light blue arrows point in opposite directions.

The letter arrives unexpectedly in the mail, tucked among bills and junk mail, and many people are likely intrigued.

A former employer has a proposition. The letter's recipient is vested in a pension at their former workplace, and that pension is still on track to be paid every month for life once they reach a certain age.

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