I need a little direction, my father in law retired from AT&T and has been receiving a pension for 25 years. He is 75 and in perfect health, his wife is 70 and also healthy. They live in NC.
He receives 1179 per month but it has no survivorship (its a traditional pension which ends when he dies).
The company is offering him and 45,000 retirees 4 permanent choices in Sept.
1. Continue as is, but payments cease at his death (what he chose originally, not a good choice in my opinion)
2. lump sum option for the first time, in which in his case would result in a 134,000 1 time IRA dis
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He receives 1179 per month but it has no survivorship (its a traditional pension which ends when he dies).
The company is offering him and 45,000 retirees 4 permanent choices in Sept.
1. Continue as is, but payments cease at his death (what he chose originally, not a good choice in my opinion)
2. lump sum option for the first time, in which in his case would result in a 134,000 1 time IRA dis
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