Reported 2 months ago
Deciding whether to take a lump sum or an annuity from a pension is a significant financial choice with lasting consequences. A lump sum provides flexibility and control but comes with investment risks and tax implications. Conversely, an annuity guarantees steady income but offers less flexibility. Factors such as life expectancy, family considerations, risk tolerance, and the financial health of your pension provider should all play a role in determining the best option for your retirement needs.
Source: YAHOO