If you participate in a pension plan through your workplace, you'll have to decide how you want to receive the payout when you retire. Pension plans typically offer two disbursement options: an ...

Many employers used to offer pension plans to their employees. Pensions are financial vehicles designed to replace a portion of the employee’s wages during their retirement years, providing them a ...

We’re all told to save into a pension, but there’s widespread confusion about how to take an income from our savings and ...

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

Making an uneducated choice about your pension option can wreak havoc on your financial future, leading you to pay more in taxes than you ever anticipated, miss out on the vacations you always dreamed ...

A friend of the family sought my advice. When starting his first real job, he faced an unusual (although not unique) decision. He could join his company’s pension plan, or he could establish a 401(k) ...

Capital at risk. The value of your investments can go up and down, and you may get back less than you invest. The aim of investing in a pension scheme is to build up a sum of money that can provide ...