The decision of whether to take a lump sum or an annuity from your pension can be overwhelming. It’s a choice that significantly impacts your financial future, and there’s no one-size-fits-all answer.

Workers with defined benefit pensions may be offered the chance to collect a one-time, lump sum payment instead of monthly pension benefits for life. Making this decision involves evaluating a number ...

Employees entitled to a pension from a former employer may soon receive letters offering them a lump sum payout. New rules that take full effect next year allow plan administrators to offer smaller ...

Deciding between taking a lump sum or monthly payments involves assessing a number of factors, including some that are difficult to quantify. The two most important considerations may be when you will ...

When your pension matures, there are multiple distribution options that you can choose from. Unfortunately, many of these distribution methods result in a tax liability that reduces your payout.

Private-sector pensions are a vanishing breed. Defined-benefit pension plans are being replaced by defined-contribution plans such as 401(k)s, mainly because pension plans are costly for employers to ...

Traditional pensions are an endangered species in the private sector. But if you're lucky enough to have one, you may face a choice at retirement: Take the money as a lump sum, or as a monthly ...

Employees entitled to a pension from a former employer may soon receive letters offering them a lump sum payout. New rules that take full effect next year allow plan administrators to offer smaller ...

UPS Pension Calculations: Central government employees had National Pension System (NPS) as their default setting for the pension scheme. But they can now select Unified Pension Scheme (UPS) also. If ...

It’s no surprise that the Fed is continuing to raise rates in an effort to combat inflation – but what may come as a shock to some retirees is how it may impact your pensions. As interest rates rise, ...