An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment. However, ...

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 sum, ...

Depending on your age and your employer, a defined benefit pension could significantly shape your retirement outlook. The ...

It can be tempting to take a lump sum when you’re able to cash out a pension. Taking the money means you can use it immediately, and it could be your ticket to an early retirement. Do a break-even ...

The couple holds $4.8M to $5M in retirement assets without counting home equity. The husband’s pension offers $2.9M lump sum at 60 or $15,600 monthly with survivor benefits. Their annual retirement ...

Learn how to find the right annuity for your financial situation, risk tolerance, and retirement strategy Nick Gallo has been a financial content marketer and journalist for over six years. He has ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. With an annuity, you hand over a lump sum to an insurance company in ...

The Social Security Administration has now processed about 91% of cases related to a new law that is prompting higher benefits and lump-sum retroactive payments for nearly 3 million people, according ...