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Brown Cafe UPS Forum
UPS Retirement Topics
Would you take a "Lump Sum" offer?
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<blockquote data-quote="Jones" data-source="post: 5111488" data-attributes="member: 4805"><p>When pension plans offer the option of a lump sum payout in lieu of an annuity it's generally because their actuaries have calculated that it will save them money which means it's usually not a good deal for you. Exceptions would be if you knew for a fact you were gonna die in the near future (terminal cancer diagnosis or some such) or if you had enough income from other sources that you could afford to invest all or most of the lump sum for long enough to make up the difference.</p></blockquote><p></p>
[QUOTE="Jones, post: 5111488, member: 4805"] When pension plans offer the option of a lump sum payout in lieu of an annuity it's generally because their actuaries have calculated that it will save them money which means it's usually not a good deal for you. Exceptions would be if you knew for a fact you were gonna die in the near future (terminal cancer diagnosis or some such) or if you had enough income from other sources that you could afford to invest all or most of the lump sum for long enough to make up the difference. [/QUOTE]
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Would you take a "Lump Sum" offer?
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