Originally from ticket #12464.
When working with a client that has a pension plan - my client has the option to take the monthly income now or the lump sum now. What would be the best way to input this into the program? Or is it best to run the program both ways?
Hi,
Yes run it both ways and see which one turns out better.
Longevity has a big impact… assuming monthly continues for life.
How the lumpsum is managed as an investment obviously matters.
You can use the Pension to show the annual income (monthy x 12)
or alternatively Cash infusions to show the lumpsum.