So, my megacorp has implemented several changes to our defined benefit plan over the past few years, including no longer funding the accounts of those in my cohort and diverting our pension contribution to our 401ks instead (which I prefer).
Now they are offering us our pension as a lump sum rollover to our 401k as a "one and done" single opportunity offering.
So, my choices are 75k rollover now or about $500/month for life starting in 2022. (when I'll RE at 55.)
For me, I have asked myself whether or not I would buy a $500 annuity in 4 years for $98k (75k compounded at 7%/yr). The answer to that is NO for me so I'm planning to take the lump sum now and invest it.
Also, we have fidelity brokerage link in our 401k plan so I can invest it however I want to (not stuck with crappy funds like a lot of folks are.) I also have several houses/apartments which constitute a non-stock market income stream of about net 2k/month.
So, what would you do? Anything else I should consider?
Thanks!