Q: I have worked for the same company for over 20 years. When I was hired, there was a defined benefit plan that was discontinued a few years later. HR will require me to decide if I want to take a ...

If you’ve got a pension plan, such as a 401(k) or an IRA, and you’d like to access the vehicle’s funds, you can typically choose between monthly distributions, a lump sum payment or an annuity. The ...

Retirees facing a $400K lump sum or $2,000/month pension are not just picking a payout style, they are locking in how much risk, flexibility and security they want for the rest of their lives. The ...

A 403(b) plan is a valuable tool for retirement, providing a variety of options to manage and distribute your savings. After retirement, you can choose to take regular withdrawals, Required Minimum ...

Taxes are owed on retirement account contributions because those distributions are income similar to any other income you earn. The Tampa Bay Times e-Newspaper is a digital replica of the printed ...

A retirement saver who expects to receive income from a pension generally needs to account for income taxes in their retirement plan. Most pension benefits are subject to federal income tax and many ...