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Lump-sum payments are also used to describe a bulk payment to acquire a group of items, such as a company paying one sum for the inventory of another business. If you are offered a lump sum settlement, you will want to read the brochure to make sure what you are agreeing to is in your best interest. "Take a chunk and improve your house, or take a vacation, and then you can get serious about what you need to do." But make it a relatively modest vacation. Aim.

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A lump-sum payout, however, might make sense if you are in critically poor health, or if you and your spouse already have sufficient income to cover your basic. If your monthly annuity is greater than the maximum amount set by the IRS, you are not eligible for a lump-sum payment and may only take a monthly payment. Life. Workers are increasingly faced with a choice: Take a lump sum or hold on to their pension. This article weighs the pros and cons of both options.

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If you are offered a lump sum settlement, you will want to read the brochure to make sure what you are agreeing to is in your best interest. Some common lump sums come from inheritances, bonuses at work, tax refunds, court settlements, or the sale of investments. If you receive a lump sum of money. A partial lump-sum settlement option allows eligible members to choose a retirement benefit consisting of a lump-sum refund of their member account balance.