There’s no easy answer about how much you should have in your TSP account at retirement, but there are a few basics to consider.

Retirement is an exciting yet complex life transition. If you’re planning to retire within the next 12 months, proper preparation is essential to ensure a smooth and secure shift into this new phase.

This includes being able to take some of your pension as a cash lump sum, with 25pc of this being tax-free. Here, Telegraph ...

Each employee usually has the choice to accept a lump-sum payment from the pension at the time of their retirement or to receive monthly income payments. Capital gains tax is due on realized ...

If you have a pension, your employer will usually give you a choice at retirement: buyout or payments. It’s important to review this carefully. In broad terms, many make this choice based on ...

like paying more tax or even losing access to benefits. “For anyone considering taking a lump sum from their pension, there’s free support and guidance available, but as our research has shown ...

Is there a downside to taking your pension on a monthly basis vs. taking a lump sum ... to be a substantial sum of money, it’s often very inefficient to take the tax hit in one big chunk.