Talk of The Villages Florida - View Single Post - Annuity or Lump sum payout?
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Old 08-28-2019, 08:07 AM
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Quote:
Originally Posted by FenneyGuy View Post
<SNIP> If you don't need the income, consider taking the lump sum.

It is placed in an IRA, subject to RMD after age 70-1/2.
You can withdraw more when you need it.
It becomes a gift to your heirs.