Personal Finance Advice and Commentary

Tesla has recently become the toast of Wall Street.

Given a choice between taking a pension or a lump sum, think hard before you give up the promise of income for life.

Some tax and other legal changes have encouraged corporations to look for ways to unload their liability for pensions onto an insurance company.

Should GM retirees who are offered a lump sum take it, or should they stick with the pension and bet on Prudential?