Can you expand on that ? I am financially challenged. Would it be good or bad to take the lump sum ?
Find a financial advisor you trust and get their opinion. There are sound arguments for both sides of the coin. It really depends on your personal situation and can be quite impactful. Congrats on having options!
When interest rates are lower the lump sum is higher. I never had any question about taking the lump sum. I’ll be managing it myself like a 401K.