Is it better to take lump sum or pension?

Is it better to take lump sum or pension?

If you elect to take the pension income, you can’t take more or less money in any given year. If you take the lump sum, you can. If you elect to take the lump sum you can skip a withdraw or take out more for a vacation or an emergency. You have more control over a lump sum. Dec 8, 2021