Should Pension Participants Take the Lump-Sum Option?
Traditional pensions are increasingly offering participants a lump-sum payment in lieu of monthly payments over the rest of their lives. This option makes sense in some cases, but a monthly payment can reduce the chances of running out of money in retirement. Ann Carrns explains how, unfortunately, not all employees are able to make informed decisions.
To read the full article in The New York Times, click: Carefully Considering Pension Payment Options.
