Retirees facing a $400K lump sum or $2,000/month pension are not just picking a payout style, they are locking in how much risk, flexibility and security they want for the rest of their lives. The ...

Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump sum, ...

It can be tempting to take a lump sum when you’re able to cash out a pension. Taking the money means you can use it immediately, and it could be your ticket to an early retirement. Do a break-even ...

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 ...

Buying gilts (government debt) is another alternative to interest-bearing deposit accounts. Older gilts pay very low coupons ...

Many retirees are unprepared for the switch from saving to spending. Here’s how to turn your retirement savings into steady, ...

One should crunch the numbers before choosing between a cash flow stream and a lump sum. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in ...

A reader is concerned about the future of the tax-free lump sum, which was subject to speculation at the Budget ...

One possible strategy is for her to resign, preserve the retirement fund, and then transfer it into a living annuity.