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 ...

Lump sum or annuity payments? Single-life benefits or joint-and-survivor benefits? Once you explore the risks and hidden ...

In the world of r/ChubbyFIRE on Reddit, someone always wants or hopes to hit a specific number, so they can call it quits on ...

Depending on your age and your employer, a defined benefit pension could significantly shape your retirement outlook. The ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. These days, most private sector employees don’t have a ...

Life annuities have never been popular in Canada, even when payouts were higher than they are now. It seems most retirees ...

Brittany Brown is a full-time copywriter writing covering real estate and personal finance topics like budgeting, investing, credit cards, and more. She is currently working to become an accredited ...

The Social Security Administration has now processed about 91% of cases related to a new law that is prompting higher benefits and lump-sum retroactive payments for nearly 3 million people, according ...

A lump sum, on the other hand, gives you full control of the money, allowing you to invest it — potentially earning higher ...