Why choose?
Work out the positive and negative effects choosing either option. Havn't you spent enough of your time making compromises?
Do both.
Topics to thing about when drawing up your yeas and nays:
Lifestyle choice- how much income do you need, what are your spending habits? boom and bust or steady as she goes?
Health
What is the risk?
The big elephant in the corner : INFLATION costs aren't what they used to be, are they?
Tax , what will you have to pay and how much?
What happens when you need a lump sum, can you get to it quickly?
Managing costs, if you take a lump sum,can you manage it and make it work for you?
Your estate, what will happen to it?
Once you figure out all the information and have a good think about it, the only person who can tell you to take a lump sum or annuity is you.
No comments:
Post a Comment