Key Takeaways One-third of individuals who left a job withdrew their balance in a lump sum rather than rolling it over to their new job or another account.Cashing out before age 59 1/2 incurs a 10% ...

For many years the best action to take with a 401(k) account when leaving an employer was to roll over the account to an IRA. The rollover has been the most frequent IRA transaction, and rollover ...

Questions to ask yourself as you look at pension funds include: What will be the effect of inflation on the purchasing power ...

The couple holds $4.8M to $5M in retirement assets without counting home equity. The husband’s pension offers $2.9M lump sum at 60 or $15,600 monthly with survivor benefits. Their annual retirement ...

It can be tempting to take a lump sum when you’re able to cash out a pension. Taking the money means you can use it immediately, and it could be your ticket to an early retirement. Do a break-even ...

Investing in a retirement plan before 28 February can reduce your tax payment while growing savings tax-free. Here’s how to maximise the benefits.