We have a combined pension and Social Security income of $8,400 per month that will only drop to $6,730 if one of us passes ...

As one approaches retirement, if you're lucky enough to be the beneficiary of a pension plan, there is often a big decision to make regarding choosing an annuity or taking a rollover of a lump sum ...

There are numerous ways to save for retirement. One option is a pension annuity, which provides guaranteed income throughout your retirement. But the phrase “pension annuity” can mean different things ...

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.

Is a lump sum offer from an employer a better choice than a pension annuity for life? The former provides an immediate up-front amount (say $300,000), but the pension annuity gives you a stream of ...

Hearing that your piece of the pension pie is migrating to an insurance company may be unsettling. While change can be scary, this news doesn't need to frighten you. But it may present you with the ...

It's a common lament that old-fashioned defined-benefit pensions—the kind that pay a guaranteed monthly income for life—are rare nowadays. And for public-sector employees, they might become even more ...

During the same time period, the average annuity purchase cost across all insurers in our index also increased, from 103.3% to 103.4%. The competitive bidding process is estimated to save plan ...