Reported about 1 month ago
When faced with the choice between receiving a $150,000 lump sum or $1,200 a month for life from a pension, retirees must consider several factors such as reliability, investment strategies, and inflation. Monthly payments provide a steady and secure income, while a lump sum can potentially yield higher returns if invested wisely. Ultimately, the best choice depends on individual financial circumstances and risk tolerance, highlighting the importance of consulting a financial advisor.
Source: YAHOO