Bank of America launches new tool to turn retirement savings into a predictable income for employees at no extra cost.

Deciding between a $500,000 lump sum or $3,500 monthly annuity payments for your pension isn’t straightforward and involves weighing several personal factors. You need to consider how long you might ...

Bank of America is launching 401k Pay, a unique new solution designed to simplify and conveniently convert 401(k) account ...

Choosing the right type of annuity payout depends on when you want payments to start, how long you want them to last and if you want a survivor’s benefit. Single-life annuities provide higher income ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

Is there a downside to taking your pension on a monthly basis vs. taking a lump sum? The monthly payments would be higher than the return I would get on the lump sum. There are certainly some ...

My husband and I were married for 10 months before he passed away. But we were together for eight years. He had a very healthy pension, probably about $8,000 a month. We called to find out what the ...

Nearly 3,000 retired Milwaukee County workers have received cash checks for a total of $404 million under the controversial pension backdrop program started more than two decades ago. That works out ...