If you’re one of the fortunate Americans with a pension, you are faced with a critical question: are you better off receiving it as a lump sum payment or as an annuity? In attempting to answer this question, the author of today’s article runs some numbers to illustrate the costs and benefits of each payout method at different points of life. For more – including what the author highlights as “The one thing that the Lump Sum offers that the Annuity doesn’t” and the most important question to consider when making the lump sum vs. annuity determination – CLICK HERE.
