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Retirement
Receiving your pension once as a whole sum or paid monthly which is better?
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[QUOTE="Tinaconcept, post: 89304, member: 28777"] As a retiree from a government or private service an amount is always set aside to be paid to the retiree at the end of his or service this payment is called pension. Formerly I used to think the decision to be paid the total pension once or paid partly monthly depends on the organization to make but I was wrong because research has shown me that the decision varies from sector to sector, some organization makes the decision for its staff while some organization provides option to be chosen by the retiree. My mother who has retired has asked me to help her decide which is the best decision since she was lucky to have the options choose, is it receiving the total pension once or receiving a monthly Payment is better. I gave my opinion that once payment is better since it can be used for investment. If you were asked the best what will be your answer and why? [/QUOTE]
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Receiving your pension once as a whole sum or paid monthly which is better?
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