When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are ...

You hear it all the time with big lottery winners, they choose to take the lump sum instead of the yearly payout. A big pile of cash all at once sounds fun, right? But should you treat your pension ...

In the world of r/ChubbyFIRE on Reddit, someone always wants or hopes to hit a specific number, so they can call it quits on ...

A lump sum, on the other hand, gives you full control of the money, allowing you to invest it — potentially earning higher ...