Why Might One Want to Select the Lump-Sum Payment Option

question 59

Multiple Choice

Why might one want to select the lump-sum payment option for one's retirement funds?

• A)Taking the lump-sum can be a hedge against inflation.
• B)The lump-sum option provides greater flexibility than other options.
• C)You can invest the funds and perhaps earn a higher return.
• D)Having access to the funds provides money for emergencies.
• E)All of the above

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Definitions:

Long-term Assignments

Extended projects or tasks that require a considerable amount of time to complete.

Major Corporations

Large companies that operate in various industries and have significant market influence and capitalization.

Stage Shows

Live performances or productions, such as plays or musicals, presented on a stage to an audience.

Auditorium

A large room or hall designed for the performance of concerts, presentations, and other events requiring an audience.