Take a lump sum? It applies to Powerball and pensions.

Take a lump sum? It applies to Powerball and pensions.

01/21/16

Take the lump sum? Or settle on the slow-but-steady monthly payout? No, we’re not talking about winning a Powerball jackpot or some other winning lottery ticket. We’re talking about what to do if your company or former employer actually has a traditional pension, not just a 401(k) plan, and offers you a lump sum if you give up the chance to receive a monthly pension check.

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