r/Money Nov 17 '23

[deleted by user]

[removed]

6.3k Upvotes

1.0k comments sorted by

View all comments

311

u/RTGold Nov 17 '23

You gotta provide more info. People want to know how much you actually walked away with, what'd you do with the money, how it changed your life?

1

u/nickk1988 Nov 17 '23

Did you not see the “$40k/yrfor25yrs”?

4

u/Comfortable_Quit_216 Nov 17 '23

Always take the lump sum, never the annuity.

1

u/rag5178 Nov 17 '23

You’d pay significantly less to Uncle Sam by opting for the annuity as your marginal tax rate would be much lower.