The problem with lump sum distributions and what to do about it

Quinn, Richard D.
November 2006
Employee Benefit News;Nov2006, Vol. 20 Issue 14, p11
The article discusses the disadvantages of taking a lump sum option for retiring employees who are not equipped with the capability and skills of managing a large sum of money over an indefinite period of time. The case of an employee who was not able to manage his retirement pay appropriately is presented. An option that can be taken by employees to prevent the same mistake is discussed.


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