Key Points Taking a lump sum payout on a pension could mean shorting yourself on income overall. It’s important to calculate ...

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

Lump Sum vs. Monthly Payments A pension beneficiary who is offered $250,000 in a single payment in lieu of $2,750 monthly payments for life can start by calculating the potential cumulative value ...

Making pension withdrawals without first seeking advice could affect your tax bill and entitlement to benefits ...

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 ...

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 ...

Is there a downside to taking your pension on a monthly basis vs. taking a lump sum? The monthly payments would be higher than the return I would get on the lump sum. There are certainly some ...

“For anyone considering taking a lump sum from their pension, there’s free support ... L&G will be signposting customers to the Turn2us benefits calculator, a tool designed to help customers ...