It can be tempting to take a lump sum when you’re able to cash out a pension. Taking the money means you can use it immediately, and it could be your ticket to an early retirement. Do a break-even ...

Count yourself fortunate if you work for an employer that offers a traditional defined-benefit pension plan, which is an increasingly rare bird these days. In this case, when it comes time to retire, ...

Dear Liz: Because of the Social Security Fairness Act, my wife got a huge lump sum check (catchup, I suppose) and will now get monthly Social Security benefits. This is good news and bad news, ...

A financial services company says a rising number of U.S. service members would support overhauling the military pension system so long as they receive a lump-sum retirement check. Almost half, or 46 ...

You probably don’t know it, but Social Security can give you a big, lump-sum check for $40,000 or $50,000 or even more — a bonus, like winning a lottery. Should you take the bucks? It’s a complex ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. If you’re one of those taxpaying parents who ...