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

Start by calculating the internal rate of return ... 1.2% on your lump sum each year in order to match what your pension would pay over the course of that same time period. To see the IRR at ...

In another courtroom battle between the Department of Labor and the retirement industry, three big employer groups are ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative ... The monthly payment option may be more valuable if you expect to live ...

For many American workers, a defined benefit pension plan is an artifact that has gone the way of phone booths, cassette tapes and percolator coffee. But millions of federal and state government ...

We've assumed your savings grow by 6% a year, and you pay annual charges of 0.75% (workplace pension charges are capped at this level). The calculator also assumes an average rate of inflation of 2% a ...

Life expectancy calculators ... Traditional pensions are also a source of guaranteed income in retirement, but relatively few workers qualify for these benefits nowadays. An alternative may ...