Lump Sum vs Monthly Pension Payments

When nearing retirement, there are a couple pension payment plans to consider. Matthews Barnett, CFP®, ChFC®, CLU®, Financial Advisor, discusses the differences between lump sum and monthly pension payments. While pensions aren’t as common anymore, they can be a great added benefit for retirees. Choose the best plan for you by assessing which one fits well in your overall financial plan.