If you are past full retirement age, and have not yet filed for your benefits, the Social Security Administration offers a retroactive lump-sum payment that’s worth six months of benefits.

The decision of whether to take a lump sum or an annuity from your pension can be overwhelming. It’s a choice that significantly impacts your financial future, and there’s no one-size-fits-all answer.

For many pension plan participants who have not started benefits, the equivalent lump sum benefit amount of their monthly pension in single-employer DB plans will abruptly fall. The culprit is ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. Michael Adams is a former Cryptocurrency and ...

An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

In early August someone who bought a Mega Millions lottery ticket in Neptune Beach won $1.5 billion. I’m not a fan of lotteries, although I’ll buy a ticket very occasionally as part of a group. I do ...

The cash windfall may sound like a great idea, but giving up your monthly pension payments could cause big problems later. Retirement is looking better and better. Your former employer just offered ...