Answers

  • NewRetirement User

    72 year old from Kent, WA

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  • Hi SSS,

    Unfortunately I don't understand your question.

    If you are asking if you can take a lumpsum payment in lieu of a stream of payments from social security - I've never heard of that - but you should check with the Social Security Administration to see what your options are.

  • Login to rate this answer:   Answered on 3/24/2012
  • Editorial 

    Editorial 
    NewRetirement

    San Francisco, CA

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  • The decision to take your Navy pension as either a lump sum or as monthly payments can be complex.

    There is a good discussion of the pros and cons of each option here: http://www.newretirement.com/answers/bud-hebeler/lump-sum-vs-pension.aspx

    I hope you find it useful!
    Good Luck and Thank You for Your Service!
    http://www.NewRetirement.com

  • Login to rate this answer:   Answered on 5/28/2013
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.