With over 10,000 baby boomers reaching retirement age every single day, many are faced with the decision to take a lump sum dollar amount or an annuity payment from their employer. I receive calls every day from people in this situation that have questions like, “Is it worth taking a pension lump sum?” or “Is it better to take a lump sum or the annuity?” or “Is it better to take the lump sum or the monthly payments?”
All good questions, with no perfect answers. It all comes down to what you are trying to achieve with your specific situation […]
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