Originally Posted by
notEnuf
DPSP cash is a retirement benefit. The only reason you can take it as cash is because you can’t put it in your 401k. I am for another vehicle for tax efficiency. Options are subjective IMHO you shouldn’t have the option to take it as cash just because of IRS 401k limitations and your choice to early load. I want my retirement benefit for retirement.
Locking funds in a retirement account isn't the only way to have money for retirement. There are numerous tax efficient options available for DPSP Cash. In many instances, those options provide income before retirement age. A portfolio of assets producing dividends, partnership distributions, royalties and rental income is a fantastic way to have retirement income before mandatory retirement age.