Another payout option is a lump sum payment instead of an annuity.

另一种支付选择是一次性支付而不是每年支付。

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The choice of annuities has long been built into TIAA-CREF retirement plans, and close to 50% of TIAA-CREF participants opt for a guaranteed deferred annuity as an investment option, allocating 40% of their contributions to the option.

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Quezada chose the up-front cash option, instead of an annuity, when he bought his ticket.

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