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

The answers vary by individual, of course, but they have led to the creation of a one-size-fits-all solution known as the 4% ...

Deciding between a $500,000 lump sum or $3,500 monthly annuity payments for your pension isn’t straightforward and involves weighing several personal factors. You need to consider how long you might ...

My husband and I were married for 10 months before he passed away. But we were together for eight years. He had a very healthy pension, probably about $8,000 a month. We called to find out what the ...

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 ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Retirement decisions between spouses can range from how ...

There are numerous ways to save for retirement. One option is a pension annuity, which provides guaranteed income throughout your retirement. But the phrase “pension annuity” can mean different things ...

Jonathan Ponciano is a financial journalist with nearly a decade of experience covering markets, technology, and entrepreneurship. Vikki Velasquez is a researcher and writer who has managed, ...

An annuity is a financial product designed to provide a steady income stream, often during retirement. While annuities can serve as a reliable paycheck replacement, the way your annuity pays out is ...

Transitioning into retirement is a significant decision, which may require a phased approach for some. The University recognizes this need with its offering of retirement transition program options: ...