Personal Finance Advice and Commentary

Monday, February 04, 2013 3:22 pm
By Jennie L. Phipps · Bankrate.com

Paying Social Security recipients a lump sum for every year they delay their benefit is an idea for saving the system money.

Monday, June 04, 2012 4:20 pm
By Jennie L. Phipps · Bankrate.com

Last week, General Motors followed Ford Motor Co. in offering retirees with a monthly pension payment a lump-sum buyout.

Monday, January 30, 2012 5:22 pm
By Jennie L. Phipps · Bankrate.com

I heard a retirement planning horror story this morning, and I’ll share it with you. Because the law changed this year, making things simpler and more financially advantageous for employers, more companies with frozen defined benefit retirement plans are offering employees and former employees a lump-sum payout. If you decide to accept their offer –