Questions and Advice on Lump-Sum distribution

I will soon be eligible to receive a one time lump-sum distribution rather than a monthly pension benefit from the labor union that I have worked for over the last 25 years. I have several questions about my options after I receive this lump sum. I will only be 49-50 years old at the time I receive the money. I am a US citizen but I live overseas. The lump sum will be combined with my 401K monies. I don't intend to access the money for tax purposes until I'm 60 or so. My questions are: - If I invest the money am I allowed to draw on the proceeds of the investment as long as I don't dip into the original amount? - What are the tax liabilities on these proceeds? - Can I borrow from myself against the original lumpsum amount?
Thanks in advance for any replies
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