Monthly Pension vs Lump Sum
Please share your opinion on whether the monthly pension or lump sum is better.
Age 55, will start collecting pension from previous employer while continuing to work and will collect another pension from current employer after retirement. Currently have $500k in Roth IRAs. Spouse is self employed and does not have a pension.
Lump Sum: $220k
Single Life: $1500/mo
Joint 100%: $1100/mo