Discover how taxes slash a $1.5 billion Powerball jackpot, with winners taking home far less after federal and state cuts.

There’s an age-old debate among investors about whether it’s better to invest one lump sum as soon as possible, or spread out your investments over time. The reason the debate still continues is that ...

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 ...

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.

Explore the concept of bullet loans and bonds, their differences from amortizing loans, and their impact on borrowers and issuers. Understand how these financial tools work.

Learn how the Social Security Fairness Act repeals WEP and GPO, triggers retroactive lump-sum payments, and raises monthly ...

Several years ago, my previous employer offered former staff members a lump-sum pension buyout. We were given the option of receiving a steady monthly amount over the course of retirement or a ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. If you’re one of those taxpaying parents who ...

Ann Grethe of Morrisonville claimed the $1 million prize and opted to receive a one-time lump sum payment totaling $436,171, ...

The player recently visited Michigan Lottery headquarters to claim his prize. He chose to receive it as a one-time lump sum ...