Reported 5 days ago
When deciding how to receive annuity payments in retirement, retirees can choose between monthly, annual, or lump-sum payments. Monthly payments offer consistent cash flow aligned with expenses, while annual payments can be invested for interest growth. However, once payment frequency is established, changing it may be difficult. It's crucial to consult a financial advisor to weigh the benefits and drawbacks of each option, especially considering tax implications and survivor benefits.
Source: YAHOO