Retiring next year

[born2Bwild]

Has anyone opted for a lump sum pension, reinvested it, and started receiving an annuity? What are the pros and cons of going this route?
thank you

 

[DELACROIX]

Has anyone opted for a lump sum pension, reinvested it, and started receiving an annuity? What are the pros and cons of going this route?
thank you

Wrong site…

 

[IVE GOTTA PACKAGE 4U]

Has anyone opted for a lump sum pension, reinvested it, and started receiving an annuity? What are the pros and cons of going this route?
thank you

Many pensions do not have that feature

So I can tell you this this is the wrong time to take a lump sum payment because the interest rates are so high right now it will reduce your lump sum

 

[IVE GOTTA PACKAGE 4U]

Wrong site…

Thanks Dave


JK

 

[IVE GOTTA PACKAGE 4U]

How to Choose Between a Pension and Lump Sum Payout

Retirees often face a tough decision: Take cash now or over time

www.aarp.org