Cashing Out Your Annuity: Familiarizing With Lump Sum Payments And Their Benefits

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Most of us will end up facing this dilemma sometime in our life: should we opt for getting monthly pension checks for life or a lump sum payment? 29% of Americans are fortunate enough to have company-funded pension plans. While getting a monthly cheque may seem tempting and a way to moderate how you may end up spending all of your money, you may actually be better off opting for lump sum payments.

27 August 2014