Should this not be a strict financial decision? In my situation the monthly payout vs. the lump sum is not difficult decision. A calculation of the lump sum invested at an annual return of 5%, vs the monthly payment show I would need to live until I am 99 to break even. I understand the "comfort" of a monthly payment but this might not be in your best interest.
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Should this not be a strict financial decision? In my situation the monthly payout vs. the lump sum is not difficult decision. A calculation of the lump sum invested at an annual return of 5%, vs the monthly payment show I would need to live until I am 99 to break even. I understand the "comfort" of a monthly payment but this might not be in your best interest.
Post: Given a choice, should you take regular monthly pension payments or a lump sum?
Link to comment from July 4, 2021