Review all the considerations in a decision to take either a lump sum payment of $600 000 from a pension plan at retirement (age 65)versus a guaranteed monthly payment for life of $3000 (a life annuity).Assume the tax implications are neutral.Use calculations to illustrate your points and indicate what assumptions you use.Give your opinion on the best option.

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The Answer of Review all the considerations in a decision to take either a lump sum payment of $600 000 from a pension plan at retirement (age 65)versus a guaranteed monthly payment for life of $3000 (a life annuity).Assume the tax implications are neutral.Use calculations to illustrate your points and indicate what assumptions you use.Give your opinion on the best option.

Review All the Considerations in a Decision to Take Either