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/...
To illustrate how lump-sum andannuity paymentswork, imagine you win $10 million in the lottery. If you take the lump-sum payment, the entire winnings would be subject toincome taxin that year, and you would be in the highesttax bracket. However, if you choose theannuity option, the paym...
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 ...
Lump Sum or Annuity? An Analysis of Choice in DB Pension Payouts. The article examines the lump-sum versus annuity payout choices made by retirement-age participations in two defined benefit (DB) plans in the U.S. The study shows that twenty-seven percent of lump-sum-eligible participants ...
(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 Sav- ing Decisions?" Unpublished Manuscript, Department of Finance, Hebrew University.Hurwitz, A. and Sade, O. (2017). An investigation of time preferences,...