Keeping Your Bottom Line In Mind

Keeping Your Bottom Line In Mind

Lifetime Annuity Vs. A Lump Sum Payout

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When you retire and can begin receiving your pension, you have a choice between a lump sum payment or a lifetime annuity. In the first instance, you get all of your money at one time, and in the second instance, you get a fixed check for the rest of your life. While the dependability of a steady income might sound like a good option, there are instances where taking the lump sum payout might be the better option.  Do You Have Children? If you have children, then you may want to consider taking the lump sum payout. The reason for this is...

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