Retirees taking lump-sum payouts are depleting them faster
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A MetLife study finds the money was gone after 5½ years for 34% who took a lump-sum payment.
One in three retirees (34%) who took a lump sum from a defined-contribution retirement plan depleted that money in 5½ years, on average, according to the latest study on lump-sum payouts by MetLife.
In a previous MetLife study on the topic in 2017, only 20% of the retirees who took a lump sum pa
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