Combining lump-sum payment with annuity offers new options

Putting a pension lump-sum distribution into an annuity in some cases gives retirees options not available under the pension plan, write William Byrnes and Robert Bloink. "As most clients know, today's annuity options are incredibly varied so that the client will be able to accomplish a variety of goals, rather than simply receiving a set monthly payment," they write.

ThinkAdvisor (8/22)