At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own. The answer to the question, “Should I take a lump sum or an annuity from my pension?” might be: “Yes.”
Sometimes it’s best to take the lump sum and use it to buy your own annuity, which is a stream of monthly payments that typically lasts for your life and often the life of your spouse. Other times, you would be fine […]
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