One approach might be to have it both ways. You could put part of a lump sum into afixed annuity, which provides a lifetime stream of income, and invest the remainder. But if you’d rather not worry about how the market is performing, a stable pension payment might better suited for ...
Dyl, 1995, "The Lotto Jackpot: The Lump Sum versus the Annuity," Financial Practice and Education 5 (No. 2, Fall/Winter), 107-111.Atkins, Allen B. and Edward A. Dyl, 1995, "The Lotto Jackpot: The Lump Sum Versus the Annuity," Financial Practice and Education 5 (No. 2, Fall/...
(2017). An investigation of time preferences, life expectancy and annuity versus lump-sum choices-Can smoking harm long-term saving decisions? Retrieved from SSRN: https://ssrn.com/abstract=2742652Hurwitz, A., and O. Sade (2017): "An Investigation of Time Preferences, Life Ex- pectancy and...
(2017). An investigation of time preferences, life expectancy and annuity versus lump-sum choices-Can smoking harm long-term saving decisions? Retrieved from SSRN: https://ssrn.com/abstract=2742652Hurwitz, A., and O. Sade (2017): "An Investigation of Time Preferences, Life Ex- pectancy and...
Sade (2017): "An Investigation of Time Preferences, Life Ex- pectancy and Annuity versus Lump-Sum Choices. Can Smoking Harm Long-Term Saving Decisions?" Unpublished Manuscript, Department of Finance, Hebrew University.Hurwitz, A., and O. Sade (2017): "An Investigation of Time Preferences, ...