When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment ...

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 ...

Lump sum or annuity payments? Single-life benefits or joint-and-survivor benefits? Once you explore the risks and hidden ...

Learn about how different sources of retirement income are taxed, and use our handy calculator to work out how much you'll ...

A variable annuity, which ties returns to market performance, introduces more risk and reward. Historical averages suggest monthly payments may land between $1,000 and $1,300, but there's no ...

Jeanette Beebe is an experienced journalist, fact-checker, and audio producer covering personal finance, retirement, science, business, medicine, technology, and the arts. Her reporting has appeared ...