His advice seems real good. The only thing I’d question is “don’t take the lump sum”. Can anyone really trust that the annuity will be there until it’s paid in full? Besides that, especially senior citizens, spending it sooner rather than later just makes sense.
What’s the tax rate going to be next year or the year after that? And you KNOW it’s going to be higher 10 years from now. Take the lump sum pay out.