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
401K withdrawals are taxable as ordinary income and if you don't meet certain rules an additional 10% penalty tax will be added. If you have not reached at least age 59 ½ then you will owe the 10% penalty tax unless:
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