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Retirement Planning Question – Monthly Payment or Lump Sum

 

Q: Would it be better to receive a life time payment of $301.00 per month or take a lump sum of $48,946.00 from previous employment with a Fortune 500 company. I am 65 and retiring at the end of April.

A: Thanks for reaching out and thanks for listening to the show!

In order to generate the equivalent amount of cash flow on an annual basis off the lump sum you would need to generate approximately 7.5% each year for the rest of your life. While there will certainly be years where you would generate more than 7.5%, and thus giving up that additional appreciation by taking the monthly payout, a guarantee of 7.5% over the next 25-30 years is very attractive.

Given what you’ve shared with us, we would suggest taking the monthly payout of $301.


 

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