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Article: FACTORS TO CONSIDER IN ANNUITY VS. LUMP SUM
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- May 2, 2004
- Author:
CopyrightCopyright 2004 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Q. I am trying to find information for making a retirement
decision on whether to take a full annuity or take about half the
annuity amount and take the rest in a lump sum that would be
invested. The total per month would be less with the second option
but there would be funds for heirs. All the money people I speak to
say take the money and invest it. Some retirees say they like the
peace of mind of getting a check every month and saving some.
J.B., Bethlehem, Pa.
A. There is no rule of thumb to follow when deciding whether to
take a lump sum or an annuity because there is a very wide diversity
in the offerings from company to company. Some companies offer
annuity payouts that are so ...