Ask your employer for the amount of your lump sum and what your monthly pension payments would be. Then, get income quotes from an annuity provider representing multiple annuity companies.

Is there a downside to taking your pension on a monthly basis vs. taking a lump sum? The monthly payments would be higher than the return I would get on the lump sum. There are certainly some ...

If you are facing the choice between a large lump sum or monthly payments, you'll likely want to consider several key factors before making a decision. One concern is when you will receive the ...