According to this article from CNN Money, many companies offer lump sums at retirement, and some have recently given retirees and beneficiaries who are already collecting checks the option of sticking with those or taking all the cash now.
At first glance, a lump sum may appear to be a no-brainer. After all, a few hundred thousand dollars in hand seems more valuable than a few thousand bucks a month. But the right choice depends largely on your situation, including how confident you are about investing and what other retirement resources you have. Here's what you need to consider to reach a decision.