Pay attention to interest rates.
Plan dependent. Many plans have a lump sum option based on market rates.
Every year they reset payout values based on expected interest rates. As rates go up your lump sum payout goes DOWN and it goes down fast. Details matter.
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That is probably optimistic for the next five years.
You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places. All these are the beginning
True, but a very tricky decision since spouses can be involved and all HON pension plans (and there are many) don't have inflation protection whereas Social Security does. Some pessimistic projections have inflation in the 4% range continuing for several more years.