I remember some years back a friend of mine who worked at AT&T was getting nervous about the wave after wave of layoffs there. It was turning his stomach inside out.

Finally one day he decided to roll the dice and took the company up on a voluntary retirement plan. I think he got a year's salary, some scaled down benefits — but benefits just the same — and he was out the door.

He took it, he said, because, "better this deal now, than a worse one later."

Today General Motors and Delphi workers are facing the same choice.

Some, who've been on the job for more than 10 years, stand to collect $140,000 on the spot, if — and it's a big "if" — they agree to forsake their retiree health care coverage.

Other benefits remain, but not that one. Because that's a costly one and, the way the company figures it, it's better to pay up a little now than a lot later.

So, workers decide: Do I want the dough now or roll the dice and "hope" I have dough later?

I think they'll opt for the dough now. Just like instant lottery winners opt to take all their winnings upfront, rather than take their chances on payouts over 20 or 30 years.

The money now, you know. The future, you don't.

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Neil Cavuto serves as senior vice president, anchor and managing editor for both FOX News Channel (FNC) and FOX Business Network (FBN). He is anchor of FNC's Your World with Cavuto - the number one rated cable news program for the 4 p.m. timeslot - as well as the FNC Saturday show Cavuto on Business. He also hosts Cavuto on FBN weeknights at 8 p.m. In addition to anchoring daily programs and breaking news specials on FNC and FBN, Cavuto oversees business news content for both networks and FNC's weekend business shows, including Bulls & Bears, Forbes on Fox, and Cashin' In. Click here for more on Neil Cavuto.