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 ...

When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are ...

Many employers are looking to rid themselves of costly pension liabilities and, increasingly, they’re offering to pay departing employees a lump sum in lieu of a lifetime annuity payout. Figuring out ...