Monthly payments or a lump sum? This is often times the “million-dollar question” for those in the workforce who still have access to a defined benefit, pension plan. As I’m sure you’re aware, pension ...

It can be tempting to take a lump sum when you’re able to cash out a pension. Taking the money means you can use it immediately, and it could be your ticket to an early retirement. Do a break-even ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. There is no question that deciding between taking a ...

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 ...

Most people hope to walk into retirement with a nice little nest egg. But what if you’re staring down a $1.6 million check and wondering, Should I take it — or let the pension ride? That was the exact ...

I am 60 and have a defined benefit local authority pension. My lump sum would be £15,000 with a £1,144 per month pension, or £64,000 with a £800 pension.