Mini-Case rty 56, just retired after 31 years of teaching. He is a hus- to invest his lump-sum bonus and other accounts now that he and father of two children who are still dependent. He re has retired. He also wants to know band an 150 lump-sum retirement bonus and will receive per month, considering he has two children and a nonworking ceived a S $2,800 per month from his retirement annuity. He has saved spouse. Because he has children, his current monthly expenses 5150,000 in a 403(b) retirement plan and another S100,000 in total $5,800. He is not eligible for Social Security until age 62, other accounts. His 403(b) plan is invested in mutual funds, but when he will draw approximately $1,200 per month; however most of his other investments are in bank accounts earning 2 or he would rather defer drawing on Social Security until age 67 to 3 percent annually. Bill has asked your advice in deciding where increase his monthly benefit amount to $1.550