There are numerous ways to save for retirement. One option is a pension annuity, which provides guaranteed income throughout ...

Pensions provide a fixed monthly income in retirement based on salary and service years. Most companies now opt for 401(k) plans due to lower cost and reduced risk. Pensions are insured by PBGC ...

In the Noughties, if you wanted to take out a pension, you might have picked a stakeholder scheme. Launched in 2001, ...

Pension annuities provide a reliable source of income, often at competitive rates. However, they can be restrictive. You may have limited flexibility regarding when payments begin and the type of ...

Money blog long read, we're looking at what happens to your pension when you die. It might not be a fun thing to think about ...

Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...

Similar DROP programs were rife with controversy in San Diego and Los Angeles, but county officials are pushing ahead with the plan in a bid to curb overtime costs at the Sheriff’s Office.

Choosing Between a Pension and an Annuity. As you research pensions and annuities, consider the criteria below to decide which might better suit your needs. Employment status and eligibility.

In 2021, there were 46,388 defined benefit pension plans offered in the U.S., down from a peak of 172,648 in 1986. Among the pension plans offered today, the vast majority are for government ...

A pension transfer is when you move your pension from one provider to another. You could decide to do this for several reasons: You want to move an old workplace pension to the same scheme as your ...

Pension annuities are just one way to receive income in retirement. Pensions are also increasingly rare in the private sector, and might not be an option for a majority of people. Here are more ...