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, ...

Questions to ask yourself as you look at pension funds include: What will be the effect of inflation on the purchasing power ...

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 ...

I’ve read that the Social Security Administration offers a lump-sum payment to new retirees who need some extra cash. I haven’t yet filed for my retirement benefits and would like to find out if this ...

Dear Liz: I was recently and unexpectedly laid off. Money will be tight on Social Security alone. If I take the lump sum of my pension, the amount would be almost enough to pay off my home. Should I ...

Many Indian families now receive their retirement money in one large cheque — from gratuity, bonuses, ESOP exits or property ...

A reader wants to know if taking out a lump sum from his pension before his retirement is a good idea or not ...

It’s likely that your defined benefit pension was tested against the lifetime allowance when you took it. The scheme administrators would have confirmed what percentage of the allowance your pension ...