Firms are increasingly offering retiring employees a choice of whether to take a lump-sum payment now or
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Firms are increasingly offering retiring employees a choice of whether to take a lump-sum payment now or receive monthly payments for the rest of their lives (http://www.fidelity.com/viewpoints/personal finance/lump-sum-or-monthly-pension).
Discuss the benefits and drawbacks of accepting the lump sum payment taking into account discounting, inflation, and uncertainty.
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