When and How Should I Take My Pension?
Lucky you! If you have a pension available to you, then you are in the fortunate minority. Your decisions about when and how to take your pension can have a dramatic effect on your retirement outlook, so great care should be taken to choose wisely. If you are married then you may take a reduced option for survivor benefits. Many pensions do not require that you take the income when you retire, which allows you to defer this income stream until later and receive a higher amount. Deferring this income can open up a tax-planning window that will allow you to draw down some of your other assets at a minimal tax rate.
Each situation is unique and you have worked too hard to earn the pension to take the decision lightly.