Lump sum or annuity payments? It's no easy decision for retirees
CLOSESkip in SkipxEmbed
USA TODAY’s retirement columnist Rodney Brooks talks to Jeanne Thompson, a vice president at Fidelity about saving aggressively for retirement.
There's a reason roughly 40 percent of Americans say they have less than $1,000 or so in liquid savings: Many people spend whatever money is available. When a windfall comes their way — in the form of lottery winnings, tax refunds or retirement-plan payouts — there's a temptation to use it to pay down debts, go on vacations or give money to kids.
Those aren't necessarily bad choices, but they can mean assets get... read more
- 04:30 Koch network success in Trump era draws Democratic pushback
- 21:38 Diamondbacks down Padres, roll to another series victory
- 18:43 Reports: Cardinals safety Budda Baker's brother killed in Seattle...
- 17:55 What are Arizona Cardinals' greatest needs in the draft?
- 17:34 Cardinals 7-round mock draft nets WR, CB and yes, a QB with 1st 3...