When your job offers a defined benefit plan, better known as a pension, you generally have two ways to receive that money in ...

2) Understanding Your Payment Options. Many clients I have worked with are surprised to see the range of payment options available to them when choosing to elect their pension.

Tom, age 65, will be retiring in several months and has to make a decision regarding his pension options. He can either take a $50,000 per year payment that would continue in full, even if he pre ...