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Should you take your pension as a lump sum?
If you’re among the decreasing number of retiring employees with a pension, you may be offered an option to take it as a lump sum rather than lifetime monthly payments. While getting a large sum of money up front can be tempting, there are some disadvantages you should be aware of before deciding. This (NY) Times-Herald Record article by financial advisor Laura Medigovich explores the subject of lump sum pension payouts versus monthly payments. Click here to read more.
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