You've Been Offered a Ton of Money. Should You Take It?
If a former employer tempts you with a lump sum for your pension, consider these four points before you jump.
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It's like the famous marshmallow tests done at Stanford University decades ago, when researchers gave some kids marshmallows and told them if they waited 15 minutes to eat them they'd get a second one.1445286664094 The kids who delayed gratification went on to have better lives, judged by a variety of measures, than the kids who didn't.
When it comes to your pension, you are the kid. The marshmallow is a big chunk of money.