The answer depends on
1) your health ... if you're super above average healthy then you might have a tendency to live a long time; possibly outlive many of your cohorts born the same year you were. In this case you might
Do you have a financial advisor/Investment manager?
If so, then I would take the lump sum and give it to them. They will understand your specific scenario better and be able to manage the money FOR YOU not for the pension.
I'm not a big fan of Ivy Funds, but that is neither here nor there.
If I was you I would do some really quick fee analysis. What does the 401(k) cost and what does the Ivy Funds cost? No matter where you are, you will
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