Question about collecting a pension or taking a lump sum

[A HERETIC I AM]

17. Nothing stopping you from having more than one! LOL....

Fair enough. If you don't feel the need for a second one, that's fine.

You asked if you should take the annuity payments or the lump sum. It's almost always better to take the lump sum, as that gives you control over the investments.

As I said, you have numerous possible investment choices and it's important to be able to sleep at night and not worry about the risk you are taking. You mentioned the Kayne Anderson Energy Infrastructure Fund (KYN) in a post above, but as Progree pointed out, their long term performance hasn't really been all that good. The fact that it is a fund made up of Master Limited Partnerships has specific risks, and nothing requires such partnerships to continue a given payout rate into the future. There are of course hundreds of other funds you could look at that have similar and higher dividend yields.

Be careful no matter what you decide.


Best of luck and congratulations on this windfall.