How often do you receive retirement payments?


Quick Answer

Retirement payments from a pension plan are typically paid monthly, according to Fidelity. Retirees who collect Social Security also receive monthly payments, according to the Social Security Administration.

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Full Answer

Distributions that retired pension plan participants receive are typically in the form of an annuity that guarantees a fixed monthly amount of retirement income for life, according to Fidelity. The amount of the monthly payment varies based on the age at which a retiree starts taking monthly payments.

Income from Social Security is similar to pension income. The Social Security Administration publishes a guide to help retirees determine the best time to begin collecting monthly Social Security payments. The amount of the payment is reduced if a retiree begins Social Security payments before reaching full retirement age, explains the Social Security Administration.

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