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Consider Carefully in Choosing Between a Lump Sum and an Annuity

Consider Carefully in Choosing Between a Lump Sum and an Annuity

If your retirement plan includes a pension, consider carefully in choosing between a lump sum and an annuity

A number of large employers offer the option to cash out pensions to retirees and former employees, providing a lump sum payment rather than an annuity.

This option can be beneficial for some people, and tempting for many others. Individuals should carefully consider their options before…

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