According to Social Security’s life tables, a 60-year-old ... payments have a somewhat higher value, adding up to $594,000. However, because the lump sum would be invested for a longer period ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option ... plans offer current and future retirees the option ...

At the end of the year, with the ETF at $120 per share, the investment is worth $12,928—higher than the lump-sum approach. Value-cost averaging is a more dynamic strategy that adjusts monthly ...