If you’re fortunate enough to have the luxury of choosing between a lump sum or monthly pension, consider yourself lucky. These days, pensions of this nature are becoming increasingly rare, and for ...

Many online pension calculators can also help provide estimates.” You could choose to only take the 25pc tax-free lump sum, ...

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

Some pension plans offer a hybrid option ... To get a sense of potential annuity payments based on your lump sum, use an annuity calculator. Keep in mind that these calculations are estimates ...

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 ...

collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are the format that most people associate with pensions. However ...

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

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 ...

Q: I’m 53, and many years ago I worked for a company that is scheduled to start paying me a pension when I’m 65. This company just now contacted me and offered to give me a lump sum today, or ...

Often, the decision to take a pension annuity option over an available lump sum option rests on which ... historically pensions have used 4.5% to 7.5% to calculate their projection of benefits ...

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?

which is the life expectancy Social Security’s calculator assigns to a 65-year-old male. In this situation, the monthly pension benefits total $208,620, slightly more than the $200,000 lump sum.