When deciding how to receive your pension benefits, you face a choice between a lump sum and an annuity. Each option carries distinct tax implications that can affect your financial situation. A lump ...

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this decision ...

The couple holds $4.8M to $5M in retirement assets without counting home equity. The husband’s pension offers $2.9M lump sum at 60 or $15,600 monthly with survivor benefits. Their annual retirement ...

Dear Liz: I was recently and unexpectedly laid off. Money will be tight on Social Security alone. If I take the lump sum of my pension, the amount would be almost enough to pay off my home. Should I ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. These days, most private sector employees don’t have a ...

The number of people making lump-sum withdrawals from their pensions as soon as they could hit a post-pandemic high last year. Experts are predicting the trend to accelerate ahead of upcoming ...

The Social Security Administration has now processed about 91% of cases related to a new law that is prompting higher benefits and lump-sum retroactive payments for nearly 3 million people, according ...