Talk of The Villages Florida - View Single Post - Annuity or Lump sum payout?
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Old 08-31-2019, 07:50 AM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by dewilson58 View Post
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.
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.