Quote:
Originally Posted by dewilson58
1cc is giving the best advise.
Clarky is just generalist and % guidelines are not advise.
Your age has a significant impact on the decision.
($1mil lump or $5k/mth at age 60vs92 is significantly different)
Run from TV Talkers for advice.
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Clark Howard's 6 percent rule does not only consider the math calculation. He also lists several other factors that you need to consider before deciding which way to go. You can pay a financial advisor to do the math, but in the end, it is really your personal decision to make.