Reported 8 months ago
When it comes to retirement payouts, whether to choose monthly installments or a one-time lump sum is a critical decision for retirees. A netizen calculated that opting for monthly payments would only result in receiving a little over 10,000 each month, whereas choosing the lump sum would provide 1.719 million upfront. This sparked a debate with various opinions highlighting the pros and cons of both options, with many cautioning that the lump sum might not yield positive outcomes unless managed well financially. Factors such as lifespan, financial planning capabilities, and health conditions in retirement also play crucial roles in making the decision between the two payout methods.
Source: YAHOO