Would appreciate the financial analysts' viewpoint on this one.
I'm 58 - was just offered a pension "buyout" by my company.
Options are a $600K one time payout OR $3150 per month (until death, with a $1575 per month survivor's annuity). The math certainly favors the one time payout considering 7% annual growth on the $600K, but the market has bad years, etc. Also this is a Fortune 50 company with a solid pension fund (at this point anyway).
Feasibility of retiring is not my question as I have other resources...more of a math/strategy concern.
Thanks for any help!