can any explain the advantages/disadvantages of doing a lump sum pension payout rather than waiting till retirement? I no longer work for the company so does my pension not grow so getting lump sum is better to move to an IRA? thanks in advance!

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When leaving a company, I’ve always rolled over my 401k to an IRA. Greater control and its not like your ex-employer will contributing any longer.

Are you 100% vested?

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