WebWhile it’s unlikely, you could lose your pension if your former company goes bankrupt and you elect monthly payouts. However, most pensions are insured by the federal government, so don’t harp on this too much. Pros and Cons of Lump Sum Pension Payouts. A lump sum payout is the more exciting option of the two. WebIt’s important to consider the investment options available and choose a plan that aligns with your investment goals. Flexibility: Retirement plans offer different levels of flexibility when it comes to contributions and withdrawals. It’s important to consider how flexible a retirement plan is before choosing one. Benefits of a Retirement Plan

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