Choosing between a company pension and a lump-sum payout is one of the biggest financial decisions many pre-retirees will ever face—especially for workers in industries facing layoffs or restructuring, like the major oil companies in Houston right now.

Lance Roberts & Danny Ratliff break down the key factors to consider when comparing a lifetime pension annuity versus taking a lump-sum distribution you can invest or convert into a private annuity. Using a real-world scenario from a viewer—age 64, a $700,000 lump-sum offer, and a sizable 401(k)—we explore the risks, trade-offs, and questions every retiree should ask before making the call.

0:00 - INTRO

0:19 - Why Nvidia Matters

2:53 - Yes, Virginia, Draw Downs Happen

9:50 - 2026 Economic Summit Preview

10:39 - It's Just a 3% Pullback

13:01 - The Risk Range Report explainer

16:56 - E-Mail Query: Lump Sum or Pension?

19:45 - Pensions are Going the Way of the Dinosaurs

21:29 - Do Not Have a Lump Sum Check Written to You

22:55 - Pensions have no COLA

25:01 - Plan for Higher Taxes in the Future

26:49 - The YouTube Poll

29:07 - Once You're Done, You're Done

33:58 - Lump Sums & Annuities: Be Careful!

38:30 - Understand Your Options

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Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Danny Ratliff, CFP

Produced by Brent Clanton, Executive Producer

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Watch Today's Full Video on our YouTube Channel:

https://www.youtube.com/watch?v=WoSPpnkGW2o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1

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The latest installment of our new feature, Before the Bell, "Market Panic? It’s Just a 3% Pullback" is here:

https://www.youtube.com/watch?v=Gs3bObsvk0c&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1

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REGISTER for our 2026 Economic Sumnmit, "The Future of Digital Assets, Artificial Intelligence, and Investing:"

https://www.eventbrite.com/e/2026-ria-economic-summit-tickets-1765951641899?aff=oddtdtcreator

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Our Previous Show, "Indicators & Income: What Retirees Must Know (Who Can You Trust)?" is here:

https://www.youtube.com/watch?v=9-K-d9bfV_o&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=254s

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