Yes, absolutely. For someone my age (30s), it’s super easy to show that taking a massive tax hit now on PRAP cash is still the better option compared to locking yourself into a tax-deferred fund with 30% equity exposure for the next 30 years. That doesn’t even account for the difference in paying taxes at capital gains rates vs. ordinary income rates at the end, or the ability to simply use that cash for anything else you want.

This isn’t the only problem with the LOA, but it’s one of the most basic ones. It’s just math.