Receiving a big lump sum can be a chance to strengthen your finances. From paying down debt to saving and investing, here are ...

Forbes contributors publish independent expert analyses and insights. I am passionate about pensions, recessions, IRAs and retirement. Recent changes by the IRS have perked up interest in companies ...

Retirees facing a $400K lump sum or $2,000/month pension are not just picking a payout style, they are locking in how much ...

If you're fortunate enough to have a pension at work, make sure you make the most of it. Having enough income in retirement is a primary concern for everyone approaching the end of their careers.

Workers with defined benefit pensions may be offered the chance to collect a one-time, lump sum payment instead of monthly ...

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.

Dear Savvy Senior: In light of the stock market crashing, I’ve heard that Social Security offers a lump-sum payment to new retirees who need some extra cash. I have not yet filed for my retirement ...

While they have become less popular, some people are blessed to have a defined benefit pension plan as part of their compensation package. Most defined benefit pension plans have the option to take a ...

Companies offer benefits to attract and retain workers. But what happens when they restructure their benefits? In the retirement benefits arena, a number of employers aiming to shave costs while ...

Before deciding when to invest you have to figure out which assets you want to invest in. Overweight sectors or stocks make your portfolio more vulnerable. Invest more in stocks you already own, in ...

How should investors navigate wild swings in the stock market? Investing is never easy, especially during one of the most volatile years in the stock market’s history. Whether you have extra cash ...

Lottery payments work in one of two ways: you get a lump sum or stream of annuity payments. Taxation varies by payout and can lower winnings by up to 50%. Winning the lottery would be a huge deal for ...