Reaction: My old job had a pension and they offered me to cash out for $24k or get $100 per month for life - which should I choose?Cashing out a pension for a lump sum may not always be financially wise, especially at a younger age.Understanding break-even points and long-term financial goals is vital when deciding on pension payouts.
My old job had a pension and they offered me to cash out for $24k or get $100 per month for life - which should I choose?Calculating your break-even age is essential when deciding between lump sum payouts or monthly pension payments.
Reaction: My old job had a pension and they offered me to cash out for $24k or get $100 per month for life - which should I choose?Cashing out a pension for a lump sum may not always be financially wise, especially at a younger age.Understanding break-even points and long-term financial goals is vital when deciding on pension payouts.
My old job had a pension and they offered me to cash out for $24k or get $100 per month for life - which should I choose?Calculating your break-even age is essential when deciding between lump sum payouts or monthly pension payments.