The Do-It-Yourself Retirement Lump Sum Fallacy
You think you’re going to earn a lot investing a lump sum? You’re thinking wrong.
Future value
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I’ll grab the money now and invest it, you tell yourself. Get Social Security early, or take the lump-sum buyout of a corporate pension. I can put the cash in the stock market and earn way more than I’d be getting by waiting for the money.
Do you think like this? If you do, you have lots of…
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