Should I Take A Lump Sum Or The Annuity Payments?
Question: I’m leaving my current job and have been given a couple of options concerning my retirement plan there. Should I take the lump sum and move on, or should I take the annuity payment? Eric G. from Fullerton, California Answer: Great question Eric, and one that does not have a perfect “one size fits all” answer. First of all, when you leave an employer, sometimes they offer you a lump sum option that you can transfer to a personal IRA to manage however you...
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