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(DB or Defined Benefit plans) Pensions have very strict rules.
Annuity or lump sum payout is usually a decision to be amde at time of retirement. Often you have a few payout options presetned to you and you have to make a decision. It is best to consult with someone you trust at that time. I have never seen any qualified pension that you need to make that decision pre-retirement.
Regarding taking cash out of it, discuss it with your plan administrator, they will know what your plan allows.
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Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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