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

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this decision ...

You hear it all the time with big lottery winners, they choose to take the lump sum instead of the yearly payout. A big pile of cash all at once sounds fun, right? But should you treat your pension ...

Employees entitled to a pension from a former employer may soon receive letters offering them a lump sum payout. New rules that take full effect next year allow plan administrators to offer smaller ...

Lester, a 51-year-old from Pittsburgh, has no debt aside from his mortgage. The company he works for recently sent a letter to employees offering them a lump-sum payment when they leave in return for ...

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 ...

Answer: A lot of people experience sticker shock when they sit down to look at college costs today. For the 2025-2026 academic year, U.S. News & World Report puts the average cost of tuition and fees ...