When one approaches retirement, a lot of big financial decisions need to be made. And, of course, one needs to be informed ...

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

Lump sum or annuity payments? Single-life benefits or joint-and-survivor benefits? Once you explore the risks and hidden costs, the right pension answer for you could come down to control.

State pensioners who also have access to private pensions and pots are being warned if you take a large lump sum out or do ...

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

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 ...

Learn how a lump sum withdrawal from your pension could help qualify for a Commonwealth Seniors Health Card and reduce ...

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

Planning for retirement is one of the most crucial financial decisions you have to make. With the rising cost of living, ...

For instance, if the pension includes 2% annual cost-of-living adjustments, the value of the annuity increases to $210,697. Then the lump sum has to earn 7.25% in an average to equal the value of ...

A fifth of people who withdraw a cash lump sum from their pension pot do so at the age of 55 but do not have a full understanding of the financial implications. Research by Legal & General ...

DODOMA: THE National Assembly has been informed that the government has improved the pension formula, including increasing ...