you're listening to Ramsey every day millionaires where we talk retirement building wealth and outrageous generosity.

Melissa in New York City starts us off this hour. Hey Melissa, how are you?

Hey, thank you very much for taking your call. It's been much appreciated.

Absolutely. How can we help?

Okay, I have some, you know, for me, I'm not exciting, but my husband's going to be retiring.

And he has the title papers to fill out and I figured you're the best restaurant

asset question. He's being offered $1.69 to retire for his pension payments.

And I really don't know which way to go because there's so many options.

So a lump sum on the pension is 1.6.

Well, correct. So you can get a 1.6 million dollar correct payout.

Lump sum on his pension.

Correct. That would be the one.

That's not a that's not a retirement package that they're paying him compensation retire.

That's his pension.

Correct.

Okay. All right.

So that will have to be rolled over right into a, you know, like a retirement,

you know, you know, you get it. So it differs so no tax implication.

Right. Right.

Or he has an option to take like he can has options like 25, 75 or 100% for survivorship.

Right. For you or for your heirs beyond you.

Yeah.

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