Should I take my pension as a lump sum or lifetime payments?

Secrets of a dream retirement

Secrets of a dream retirement

I’m getting ready to retire from the company where I’ve worked for many years. I keep hearing conflicting answers as to whether I should take my pension as a lump sum or monthly lifetime annuity payments. What’s your advice? –C.L.

I’m not surprised you’re getting conflicting advice. The lump sum-or-annuity decision can be a complicated one, and the decision that’s right for one person may not be best for another. Which makes it all the more important that you really think through your choices and settle on an option that makes the most sense for your particular circumstances.

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Personal finance news – CNNMoney.com

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