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Taking a lump sum from a military pension sounds straightforward until you realize the monthly pay reduction can stretch for ...

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, ...

About 90,000 white-collar retirees of Ford Motor Co. and the financial advisers who help them are facing a major decision: continue to receive a monthly check from the defined-benefit pension plan or ...

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 ...

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 ...