Inherited Annuity Dilemma: Lump Sum vs Monthly Payments at Age 54

Reported about 5 hours ago

An individual inherits a $100k annuity and must choose between monthly payments of approximately $450 or a lump sum of $80,000 to $90,000 after taxes, considering their current financial situation on SSDI and health concerns. The decision heavily depends on their living situation and future plans, such as renting or buying a home, while also evaluating options for financial flexibility and long-term stability. A financial advisor could assist in making a more informed choice.

Source: YAHOO

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