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

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

“The lump sum gives us the opportunity to better ... a video on how to take a pension payout, and links to pension calculators and a retirement income planning tool. Gerald Foster of Seattle ...

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 ...

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly ...

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 ...

you'll avoid the temptation to run through your pension stash. But there are other factors to consider, too. For more see What are the advantages of taking a lump sum?

Milwaukee County workers received cash payments for more than $1 million — on top of their regular annual pensions — in 2024.

leveraging the power of compound interest by taking the lump sum typically makes more financial sense. It happens to be that the poster here isn’t looking at such a large pension. But if yours ...