Reaching retirement age without the necessary 40 Social Security credits can be daunting. However, understanding the system ...

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 ...

Don't have a 401 (k)? Here are 3 other retirement savings options you can look at in 2026. While 401 (k)s make it easy to ...

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) ...

Ellen wrote, "I had planned to take my pension in a lump sum, approximately $450,000 mainly because I feel it can grow much more than receiving it monthly." However, she also acknowledged that with ...

Question: Phillip in Bridgetown: I’m retiring soon and will have a pension. I can choose the single life option or the joint/survivor option. I’m married, so I’m assuming the joint is the better ...

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 ...

So my employers pension plan is going away and the money is being dispersed to employees vested in the plan. I am pretty sure of what option I am going to be taking, but I haven’t seen this specific ...