We recently created an online resource that provides information to assist with "Making a Choice: Lump Sum or Annuity?"
Many people with a retirement plan face the decision of choosing between an annuity and a lump sum payment to fund their day-to-day life after they stop working. An annuity provides a lifetime steady stream of income whereas a lump sum is a one-time payment.
The new resource page allows you to get some insight on key questions (click on the question for the answer) that should be answered when making this important decision and offers other hypothetical scenarios you may face.
You can also share this new page on our site by using the share icons at the bottom.