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$250k Lump Sum vs. $2,750 Monthly Pension: What's the Smarter Move?

SmartAsset
Summary
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84% Informative

A pension beneficiary who is offered $ 250,000 in a single payment in lieu of $ 2,750 monthly payments for life can start by calculating the potential cumulative value of the monthly payments.

Other factors to consider include the recipient’s health, whether the pension will pay benefits to a surviving spouse.

A financial advisor can help you evaluate your options and make an informed decision.

SmartAsset ’s Investment Return and Growth Calculator offers a quick, simple and free way to see how much your portfolio could be worth in the future.

Keep an emergency fund on hand in case you run into unexpected expenses.

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