Reported 1 day ago
When choosing between a $78,000 lump sum or $650 monthly annuity payments, individuals must consider factors such as life expectancy, other income sources, and the timing of the lump sum payment. Opting for an annuity is often better for those expecting to live longer, while a lump sum may be more attractive for individuals in poor health or without spousal benefits. Investment risks and potential tax implications are also crucial in making this financial decision, with consulting a financial advisor recommended for personalized guidance.
Source: YAHOO