When your pension matures, there are multiple distribution options that you can choose from. Unfortunately, many of these distribution methods result in a tax liability that reduces your payout.

Many traditional defined benefit plans, such as final average pay plans, offer a lump sum distribution as an optional form of benefit. The amount of the lump sum distribution is sensitive to the ...

Q: I have worked for the same company for over 20 years. When I was hired, there was a defined benefit plan that was discontinued a few years later. HR will require me to decide if I want to take a ...

Retirees facing a $400K lump sum or $2,000/month pension are not just picking a payout style, they are locking in how much risk, flexibility and security they want for the rest of their lives. The ...

General Electric (GE) recently announced they had frozen their defined benefit plan and were offering lump-sum pension payouts to about 100,000 retirees. GE will also discontinue making pension ...

If you’ve got a pension plan, such as a 401(k) or an IRA, and you’d like to access the vehicle’s funds, you can typically choose between monthly distributions, a lump sum payment or an annuity. The ...

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 ...