Should I take lump sum payout rather than monthly payment?

Securing your future through retirement planning requires discipline, foresight and commitment to taking action. 

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What are simple rules and basic advice for pensioners when they receive their lump sum payout rather than a monthly payment? Should I take my company pension as a monthly annuity or a lump sum payout?

There are many options for retirees in Kenya. Which option one goes for depends on many variables, one of them being the type of pension fund or scheme.

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Note: The results are not exact but very close to the actual.