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tanstaafl202 asks,

Meeting with financial adviser this afternoon regarding retirement account. Main question is whether to take the monthly payments or lump sum. I know others who have taken the lump sum and invested it then taken monthly distributuions, but I'm not sure this is the time to be doing that. What questions should I ask, what should I be looking at to help me make a good decision?


Unless you're in extremely good health, and your parents and grandparents lived into their 90s, I'd take the lump sum. The hidden costs of a life annuity are large enough to choke a crocodile.

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