Ep 65: Which is better? $5,000 Monthly or $1M for Retirement?

Retirement Planning
Written By Nicolas Davis
 
 

Would you rather have a $1 million lump sum, or get paid $5,000 per month in retirement forever? Common advice often solves this by asking the wrong question. In today's episode, we will take a more in-depth look.

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In this episode:

[2:10] Why take the $1 million lump sum?

[3:05] Safe withdrawal amount

[8:15] Why take the $5,000 per month?

 
Nicolas Davis
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