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AT&T? Retire with the Lump-Sum & Buy an Annuity!

Nov 14, 2022 3:31:16 PM
written by The Retirement Group

If you are planning on taking the AT&T annuity, you will love taking the lump-sum and buying an annuity. When evaluating the best options for retirement, it is beneficial to plan ahead in order to avoid being left shorthanded. In an online survey of 1,911 Americans aging 50 to 75, 34% of retirees who took a lump-sum buyout from their defined-contribution plan depleted that sum within five years [1]. With that taken into account, if you are an AT&T employee being offered a lump-sum buyout, it may be worth looking into a better alternative. The purchase of an annuity using your lump-sum pension may prove to be a better option.

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posted in Financial Planning, Pension, AT&T, Retirement, Annuity

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Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired.