Workers with defined benefit pensions may be offered the chance to collect a one-time, lump sum payment instead of monthly pension benefits for life. Making this decision involves evaluating a number ...

Lottery payments work in one of two ways: you get a lump sum or stream of annuity payments. Taxation varies by payout and can lower winnings by up to 50%. Winning the lottery would be a huge deal for ...

If you are facing the choice between a large lump sum or monthly payments, you'll likely want to consider several key factors before making a decision. One concern is when you will receive the money, ...

A 20-year-old Canadian woman recently lit up social media after she won the lottery and (gasp!) chose to accept her winnings ...

The Powerball jackpot reached a record-high $1.73 billion after no one claimed the top prize on Monday’s drawing. If a winner is announced on Wednesday, it would be the second-largest Powerball prize ...

The decision of whether to take a lump sum or an annuity from your pension can be overwhelming. It’s a choice that significantly impacts your financial future, and there’s no one-size-fits-all answer.

If you’ve got a pension plan, such as a 401(k) or an IRA, and you’d like to access the vehicle’s funds, you can typically choose between monthly distributions, a lump sum payment or an annuity. The ...

If you have a pension plan coming, knowing how to receive it is critical to successfully spending the money. There is no question that deciding between a lump sum and a monthly annuity payment depends ...

People whose benefit decisions are overturned through mandatory reconsideration can receive back payments for Universal ...