To accelurate defined benefit pension, or not? in 403(b) Forum Posted June 25, 2019 · Report reply 20 hours ago, MNGopher said: Although I'm still 3-4 years from retirement (when I will be 57-58)...I will have the option to accelerate my pension pay out to 62 or 67 So you’re going to be retired and NOT receive a pension for several years? 20 hours ago, MNGopher said: I assume the numbers are actuarially neutral I think I’d basically ignore what is or isn’t actuarially neutral for them and think entirely about my circumstances. The most naive approach is to estimate when you’ll die and calculate (in inflation adjusted terms) which payout gave you more money. Of course this is incomplete because you’d have to model opportunity cost. Delaying will lower your taxes now, but increase them later. Delaying might mean that you can’t take the early pension payouts and invest them for a nice return. I’m sure there are more opportunity costs. If you want to be precise you’d have to build them all into a model and see what looks better. Of course at that point you’d want to tweak your assumptions (like life expectancy) to see how much they affect the end result...that’ll allow you to better account for risk/uncertainty. For example it probably wouldn’t be worth delaying to get an extra dollar if your assumptions are right, but risk 100k if your assumptions are wrong.