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What are Brokered CDs and How Do They Work?

Retirement Answer Man

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Are You Going to Make a Mistake?

You're not going to make a wrong choice on this. You definitely want to spend a lot of time on decisions that are really impactful. If you already have ample financial resources in terms of maybe insurance payout or 401Ks, 403Bs, etc., then I would probably lean towards just taking the full pension. But my key message here is this isn't going to be a huge decision. It's about a 4% payout, $187,000 with an $8k difference.

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