When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are ...

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 ...

If you have a pension plan coming, knowing how to receive it is critical to successfully spending the money. There is no question that deciding between a lump sum and a monthly annuity payment depends ...