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Lump Sum

Lump-Sum vs. Income Payments: Why Do So Many Retirees Take the Money and Run?

Jerry Patterson | Posted 10.13.2014 | Money
Jerry Patterson

The moment we're faced with deciding whether to take a lump sum often happens at the moment of retirement, which also means it's the moment our paycheck is turning off. Similar to a light switch turning off.

Why Do People Run Through Large Sums of Money Quickly?

Don McNay | Posted 12.06.2012 | Money
Don McNay

At first, I thought that the problem was people getting too much money too quickly. I assumed that controlling the flow of money, such as giving them monthly payments for a lifetime, would keep them in line. It's a little more complicated than that.

When to Take a Severance Package

Don McNay | Posted 05.25.2011 | Business
Don McNay

Companies offering severance packages have generally sold the concept of lifetime employment concept. They are not places that fire employees without warning.