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.

Dear Liz: I need advice on choosing between a lump sum retirement benefit and a monthly payout till death (with a cost of living adjustment). The monthly payout option also includes health insurance ...

When I leave my job, would I be better off taking a $61,000 lump sum to roll over into an existing IRA or, instead, take $355 a month for life? I’m 49 and have no debt except for a mortgage with ...

You may be able to choose to receive a single lump sum payment representing six months’ worth of Social Security retirement benefits. The lump-sum option is only available to people who have reached ...

Because of a recent IRS policy change, more retirees are likely to face that question in the near future. In March, the IRS opened the door for defined-benefit plans to offer lump-sum payouts to ...

Someone aged 55 who decided to take out their full lump sum allowance from a pension pot worth £500,000 and add it into a ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. GREENSBORO, N.C. (WGHP) — As the Powerball ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. GREENSBORO, N.C. (WGHP) — As the Powerball ...