Hello all,

I (38) have a portable pension from a company I no longer work for. The payout options include either an annuity with price factored depending on survivorship benefit, or a lump sum.

I can roll the lump sum into an IRA today with a payment of just over 20k. I can wait until 65 and take a payment of just over 60k, or at 65 the lump sum is used to purchase an annuity with payouts in the low 300$ a month range.

current financial picture is well ahead of saving for a retirement date of 65, and currently saving towards the front end of retiring before 65.

I am heavily leaning towards rolling the payment into the ira today with long term investments, I am just somewhat unfamiliar with annuities and wanted to see if I was missing anything that could be beneficial before I pulled the trigger.

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thank you for your help!