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This is a lump sum payout, correct?
I like lump sum pension payouts for two reasons:
1. Investment yields can be higher if the money is in the hands of the investor, and the investor enjoys investing and does it well.
2. Lump sum amounts can benefit heirs. Pensions benefit only the beneficiary and surviving spouse, if that situation comes to bear. It may not come to bear and in that case benefits the beneficiary only.
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