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

The decision of whether to take a lump sum or an annuity from your pension can be overwhelming. It’s a choice that significantly impacts your financial future, and there’s no one-size-fits-all answer.

Dear Liz: I need advice on choosing between a lump sum retirement benefit and a monthly payout till death (with a cost of living adjustment). The monthly payout option also includes health insurance ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Michael Adams is a former Cryptocurrency and ...

I’ve read that the Social Security Administration offers a lump-sum payment to new retirees who need some extra cash. I haven ...

In early August someone who bought a Mega Millions lottery ticket in Neptune Beach won $1.5 billion. I’m not a fan of lotteries, although I’ll buy a ticket very occasionally as part of a group. I do ...

Combined income is your adjusted gross income plus any tax-exempt interest and half your Social Security benefit.

The cash windfall may sound like a great idea, but giving up your monthly pension payments could cause big problems later. Retirement is looking better and better. Your former employer just offered ...