$1 Million Lump Sum vs $50,000/Year Pension: Which Is Worth More?
Joe Knows Retirement · Joe Schmitz Jr.
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Show Notes
Many retirees with a pension have the option to take a lump sum payout instead of the monthly payout, but which option is better? In this episode of Joe Knows Retirement, Joe does the math and shares his expert opinion on which option he typically advises clients to go with. He breaks down the pros and cons of each option, and shares retirement planning guidance you'll want to keep in mind regardless of which option you take.
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