401k Participants Look to Lotto Winners for Withdrawal Advice

401k Participants Look to Lotto Winners for Withdrawal Advice

All who chose annuitized payment happy with their choice

By John Sullivan - 401k Specialist

It’s a question vexing every lottery jackpot winner—lump sum payment or guaranteed monthly income stream?

And now it’s a decision increasingly facing many soon-to-be retirees with 401k plans. While a lump sum may be attractive to some, there could be significant drawbacks according to MetLife’s “Paycheck or Pot of Gold” study.  Read More

 

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