Tag: lump sum

Retirement: A Lump-Sum Payout Might Make Sense

By Sandra Block From Kiplinger’s Personal Finance Many employers that provide defined-benefit pensions offer employees the ability to take their pension as a lump sum instead of an annuity. Employers like this option because it gets the pension liability off their books, and some retirees prefer the flexibility a lump sum provides. If you’re considering…


Should I Take the Lump Sum Option From My Pension?

Dear Carrie: I’m about to retire, and I have to decide between taking a lump sum or lifetime income payments for my pension. I’m leaning toward the lump sum. Is this a good idea?—A Reader Dear Readers: My first thought is to say congratulations! A pension in any form—whether taken as a lump sum, as…