If you are one of the more fortunate to receive a pension, there may be several different payout options, like a lump-sum payout, and understanding the pros and cons of each can make a significant difference in how your retirement unfolds. A traditional pension, or annuity, means that you receive a fixed ... Read more. The post With a pension plan, is an annuity or lump-sum payout better for me? appeared first on Grand Life Financial.