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    Pension payments are made for the rest of your life, no matter how long you live. Lump-sum payments allow you to immediately spend or invest your pension as you like. Studies show that retirees with monthly pension income are more likely to maintain their spending levels than those who take lump-sum distributions.
    www.investopedia.com/articles/retirement/05/lump…
    If you elect to take the pension income, you can’t take more or less money in any given year. If you take the lump sum, you can. If you elect to take the lump sum you can skip a withdraw or take out more for a vacation or an emergency. You have more control over a lump sum.
    www.kiplinger.com/retirement/retirement-planning/…
    If you take a lump sum — available to about a quarter of private-industry employees covered by a pension — you run the risk of running out of money during retirement. But if you choose monthly payments and you die unexpectedly early, you and your heirs will have received far less than the lump-sum alternative.
    www.aarp.org/retirement/planning-for-retirement/inf…
    The difference between lump-sum vs. regular pension payments, or annuities, is a question of time. If you take the first option, you get all of your money now. If you take the second option, you get regular payments on a fixed schedule, typically every month.
    retirable.com/advice/pensions/lump-sum-vs-regula…
    Securing guaranteed lifetime payments directly from your company pension plan would seem to be a no-brainer, unless you’re facing a financial emergency and need the cash right away. However, taking a lump sum and deploying it wisely can give you more control … and sometimes more income.
    www.kiplinger.com/retirement/annuities/601077/pe…
     
  3. Monthly Pension Payments vs. Lump-Sum Payout …

    If you have a pension, you may need to decide whether to take monthly payments or a one-time lump-sum payout. This calculator helps you make a more informed decision by comparing the results of both scenarios.

     
  4. Lump-sum payment or monthly pension? - Fidelity Investments

  5. If You’re Weighing Lump-sum Payout vs. Pension, …

    Jul 6, 2020 · Here’s how the 6% Rule works: If your monthly pension offer is 6% or more of the lump sum, it might make sense to go with the guaranteed pension. If the number is less than 6%, you could do as well (or better) by choosing the …

  6. Lump Sum vs. Pension Payment: What's the Difference?

  7. Pension or Lump Sum? Compare Payouts and …

    Jul 20, 2020 · You may come out ahead if you take a lump sum and convert it into an income annuity yourself. Run the numbers to find out which is the better deal for you. Retirees, Weigh a Pension Lump...

  8. Lump-Sum vs Monthly Pension Payments: Which Is …

    May 2, 2023 · If you are taking early retirement and have a choice between monthly pension payments or one lump sum, compare benefits and risks before you decide.

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  10. Should You Take Pension Payments or a Lump Sum?

    Dec 8, 2021 · The decision on how to take a pension — straight life, joint payout or lump-sum — is not easy. Each pension, like each person’s situation, is unique. And the choice you make you are stuck...

  11. Pension Calculator

  12. What Is a Pension? Everything You Need to Know

    Jun 14, 2024 · The lump-sum payment is when you receive one large cash payment from your pension plan instead of receiving your pension in monthly installments. Think of it as a “buyout”—your employer is trying to get out of its …

  13. Pension vs lump sum payout calculator | Ameriprise Financial

  14. Should You Take Your Pension in a Lump Sum or …

    Apr 4, 2023 · Take a look at these other factors worth considering if you ever face a lump sum/monthly pension option: Your age to begin a monthly pension vs. the lump sum. Your projected longevity. The longer you live, the more valuable …

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  16. Monthly Pension or Lump-Sum: Which option should I take?

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  19. Types of Pension Payouts: Lump Sum vs. Monthly - SmartAsset

  20. A Lump Sum vs. an Annuity: How to Decide | Charles Schwab

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