by Amy Shepard, CFP

Although pensions are becoming less common as an employer benefit, those who are fortunate to have one should make sure to thoroughly understand all the options before deciding how to receive their pension payment. This article outlines the most common payout methods and provides some examples of when each option might make sense. The important thing to understand is that, like most financial decisions, this is not a “one size fits all” decision — there are many variables and it’s important to evaluate your individual situation so you can make the best choice for your retirement.

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