Anisa inherited $100,000 and needs help deciding what to do with it! She's getting $1800 a month from SSDI and is considering two options for her inheritance: monthly payments from an annuity or a lump sum.
- Option 1: Monthly annuity payments of about $450.
- Option 2: A lump sum of around $80,000-$90,000. She could put this in a high-yield savings account to earn extra money.
| Option | Monthly Income | Total Money |
|---|---|---|
| Annuity Payments | $450 | $100,000 (over time) |
| Lump Sum + Savings | ~$750 ($450 from SSDI + $300 interest) | ~$80,000 - $90,000 |
Anisa needs to decide if a guaranteed income is more important than having a larger sum of money up front. Her health and housing plans will also help make the best choice. A financial advisor can help her make the right decision.
