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Lump Sum vs. Annuity: Which Should YouTake?

Writer's picture: RetirementGuyRetirementGuy

If you’re lucky enough to win the lottery or have a pension plan, you may need to decide

whether you want to take your earnings in a lump sum or an annuity. And if your goal is

to maximize your earnings, you may want to take into consideration your projected

lifespan, inflation rates, and your own spending and investing habits. We break down

the difference between a lump sum and an annuity, plus offer examples to help you

decide which one you should take.


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