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Always take the lump sum.Pull 200K out for spending.Take the 920K remaining and invest it in a mix of low to mid risk markets. With an 8% ROI you'll make $73,600 / year. Pocket the $73,600 each year and continue investing the initial 920K. 20 years x $73,600 = $1,472,000 + the $920,000 still in the market.Obviously taxes will drop these numbers but it would still be way better in the long run.
Always take the lump sum.
Pull 200K out for spending.
Take the 920K remaining and invest it in a mix of low to mid risk markets.
With an 8% ROI you'll make $73,600 / year.
Pocket the $73,600 each year and continue investing the initial 920K.
20 years x $73,600 = $1,472,000 + the $920,000 still in the market.
Obviously taxes will drop these numbers but it would still be way better in the long run.
