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The difference between a lump sum and annuity is, lump some you get a anywhere between half or 3 quarters of the money. An annuity is where you will get a certain amount of money for a certain amount of years.

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Q: What is the difference between a lump sum and annuity?
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What is the difference between lump sum settlements and an annuity?

Lump sum refers to money that is paid in full up front typically from a settlement. Annuity settlements are when the payments are made over time in installments.


Can you sell your military retirement annuity for a cash lump sum?

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What is the difference between annuity and pension?

An annuity is a financial product that provides a series of payments in exchange for a lump sum or periodic contributions, typically used for retirement income. A pension is a retirement plan provided by an employer that pays a specific benefit for an employee upon retirement, usually based on salary and years of service. In essence, an annuity is a type of investment product, while a pension is a form of retirement benefit provided by an employer.


Is there a difference between a reverse mortgage and a reverse annuity mortgage?

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Can pension benefits taken as a lump sum be paid in one payment or does it have to be paid in an annuity?

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What factors affect one's choice between an annuity or a lump sum pension distribution?

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