Pension Payments or Lump Sum? Take Your Time to Get It Right

Employer-sponsored pension plans have become an endangered species, but it wasn't always this way. Back in the mid-1970s, nearly 90% of workers in the private sector who had access to an employer-sponsored retirement plan had a pension.

Many of those fortunate workers are baby boomers who are now nearing retirement or just entering it, and they have some big decisions to make about their pension payouts. Thus, it's vital they get sound advice from a qualified adviser if they have the opportunity to choose whether to receive their pension in monthly installments over

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