When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment ...

Deciding between a $500,000 lump sum or $3,500 monthly annuity payments for your pension isn’t straightforward and involves weighing several personal factors. You need to consider how long you might ...

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 ...

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 ...

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.

In early August someone who bought a Mega Millions lottery ticket in Neptune Beach won $1.5 billion. I’m not a fan of lotteries, although I’ll buy a ticket very occasionally as part of a group. I do ...

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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 ...