Originally Posted by
pinseeker
That is the beauty of the DB plan over a 401K plan, you can't outlive your money. If you are healthy and have a family history of living into your 90's, you are betting against yourself by taking the $2.4 million lump sum over $130K for life.
Maybe. But I'm betting that I don't need to draw from the 2.4 million for some time, that my rate of return is pretty decent because I invest aggressively, and that my kids would get a nice sum at some point. Murphy's Law trumps family history. I'd much rather have the lump sum.