Essay
Review all the considerations in a decision to take either a lump sum payment of $600 000 from a pension plan at retirement (age 65)versus a guaranteed monthly payment for life of $3000 (a life annuity).Assume the tax implications are neutral.Use calculations to illustrate your points and indicate what assumptions you use.Give your opinion on the best option.
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Pros of the annuity:
Life expectancy - t...View Answer
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Life expectancy - t...
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