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Lump sum vs. annuity: 6 factors to consider when making your decision. Everyone’s financial situation is different, so it’s important to consider a few key factors — such as tax implications ...
You can receive a lump sum from your annuity, a life option that pays over your lifetime and, if you choose, a spouse, other survivors or an estate, or a systematic stream of fixed payments that ...
Let’s assume you have no cost of living adjustments on the pension annuity or rate of return on the lump sum payment. Then, at $462 a month and $5,544 annually, you need to reach 8.65 years to ...
Loss of control: If you take the monthly pension annuity, you generally can’t choose to take a lump sum later. Also, once you purchase a retail annuity, your money is considered illiquid and you ...
If you're lucky enough to win the lottery or have a pension plan, you may need to decide whether you want to take your earnings in a lump sum or an annuity. And if your goal is to maximize your …
For example, a lottery winner may opt to receive a series of payments over time instead of a single lump sum distribution. This can also be called an annuity. Two terms related to annuities are ...