EVE KAPLAN, CERTIFIED FINANCIAL PLANNER(TM)
Is a lump sum offer from an employer a better choice than a pension annuity for life? The former provides an immediate up-front amount (say $300,000), but the pension annuity gives you a stream of payments for life (example: $1,350 per month). A number of employers dangle a lump sum offer to employees in part to remove future liabilities from their balance sheets. It’s tempting for ...
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