In the old pension scheme (OPS), a government employee gets an assured pension, but if they want, they can commute their ...

National Pension System (NPS) provides a monthly pension when you turn 60. If you are 40 years old and want a monthly pension ...

However, a lump sum payment can, sometimes ... And let’s assume that your pension is fixed, with no inflation adjustments.

Deciding between taking a lump sum or monthly payments involves assessing a number of factors, including some that are ...

It’s a common dilemma for pensioners and lucky lotto winners: take the cash today or be drip-fed a smaller amount of cash for ...

The $3,000 monthly pension amounts to $36,000 per year, which is about an 8% return on the $450,000 lump sum. This guaranteed income would be stable and unaffected by market fluctuations.

Should you take a lump sum payout or monthly payments? Here's what the Dave Ramsey Reddit group thinks about pension payouts.

It's a common lament that old-fashioned defined-benefit pensions—the kind that pay a guaranteed monthly income for life—are rare nowadays. And for public-sector employees, they might become ...

you'll avoid the temptation to run through your pension stash. But there are other factors to consider, too. For more see What are the advantages of taking a lump sum?

Ellen wrote, "I had planned to take my pension in a lump sum, approximately $450,000 mainly because I feel it can grow much more than receiving it monthly." However, she also acknowledged that ...