Yikes! My mistake, $60K/yr, not $100K/yr. Basically, what it would cost you to buy an annuity at that age.

Fixed my earlier comment.

For sure, assuming that the annual amount isn't indexed to inflation. But the question is just simple math if it isn't. See my longer answer.

Indexed, $100K/yr wins hands down if you're young.

Or you could invest the $100K a year. You have to compare apples to apples.

My father, who worked in Group Insurance for 35 years, had the best rule of thumb for retirement planning...

He said that $1M at age 65 is worth $60K a year, indexed to inflation, for life.

So, work from there. The original question didn't mention indexing, so you'll have to figure that in. $100K in 50 years will probably be below the poverty line. Also, if not indexed, then the question is almost a simple question of math. The $100K is 5% of $2M, so if you can get a better return than that then the lump sum is better...QED.

If you are younger than 65 then the amount you can draw each year will be lower because you'll need to stretch it out longer.

Let's assume that the amount is indexed to inflation, because that makes the most sense (to me, at least). If you were, say, 30 years old, then the annual amount from the capitol might be as low as $20K in order to last your whole life. In that case you be better off with the annual amount.

If you are older, then it becomes more and more advantageous to take the lump sum, and the two amounts are probably equivalent at around age 60.

Finally, there's risk. With a lump sum you are at the mercy of the markets and your investment decisions. With the annual amount, the risk is involved with the entity issuing that payout. If it's a government entity, depending on the country, it might be way safer than some private company.

[Edit: Really bad error fixed. $1M at 65 is worth $60K/yr, not $100K/yr]

I'm not sure if it is a shelter or just a feral cat colony. But there sure are a lot of cats there.

Fun fact....

There's this block in Rome just called "Sacred Area" south-east of Piazza Ravenna. It's an excavated area with three or four temples in it. There a plaque that says that the ancient Roman Senate chambers were just west of this area, and that's where Caesar was going/coming when he was killed.

Anyways, there's a hotel right on that spot. I've stayed there a couple of times without knowing that I was sleeping right on top of where Julius Caesar was killed.

Now, how cool is that???

Isn't that the exact origin of "bogarting"?

there will be serious sand in the gears of global commerce for the foreseeable future.

Or will there? Certainly, serious issues for US trade, but the rest of us can trade with each other just fine. We're already seeing that start to happen.

I cannot express adequately how different blades are from each other. Some are smoother than others, some are sharper and some improve after a few uses. Some last longer.

I have fairly fine whiskers, so I don't need a crazy sharp blade like Feather. My skin is also a bit sensitive, so a smooth blade is best.

For me Big Ben, blades made by Lord in Egypt are really good. One of the versions of Shark, also made by Lord are pretty good too.

I find Wilkenson Sword blades to be horribly scratchy, and the name for some of the Gillette blades. Voskhod aren't bad, except they are Russian.

You don't realize how different they are until you try.

Religion. Ruins. Everything. Every. Time.

Blades vary greatly between brands. Get a sampler pack from eBay to find ones you like. Then buy them in bulk. 100 blades will generally cost from $8-$14, depending on the brand. Some, like Feather, are more expensive.

Virtually anything by Bernard Cornwell.

The key word is "immediately". It is within his power to delay the byelection for months.

We'll, the article was about the jobs maintaining the robots, not humans building stuff in factories.

I'm not so sure about the "jaws of Victory" bit. I think that Canadians were just fed up with Trudeau, couldn't bring themselves to vote NDP and ended up polling Conservative. So it wasn't really support for PP, but unsupport for Trudeau.

Take Trudeau out of the equation and the Liberals came flooding back to the party.

I'm not sure that I can remember that being done for any leader at the federal level in the past 50 years or so. We'll have to wait and see.

He still gets to be party leader, but he cannot sit in Parliament. There are two remedies for this. First, the party can choose a new leader from their elected MPs. Second, they can have an MP in a "safe" riding step down and then ask the government for a special by-election in that riding.

Wait til the OP learns about the Easy Bake Oven.

20.5 in winter and 21.5 in the summer.

L'esprit de l'escalier