Planning Your Pension Withdrawals: Lump Sum Payout vs. Monthly Payments

When your clients are approaching retirement age, they’ll have a choice between how their retirement accounts will pay out, especially if they’ve worked with one company for a long period of time. They can choose between one of two options: a lump sum payout, or getting a monthly pension payout for the rest of their life. Let’s discuss the pros and cons of both, so you can help your clients make an ultimate decision on what is best for them.