The Social Security Fairness Act provided more than 2.8 million beneficiaries with higher payments. Here's what to know about reporting that income to the IRS.

Chancellor Rachel Reeves continues to fuel panic among pension savers ahead of the Budget by refusing to rule out a raid on 25 per cent tax-free lump sums. It is the same concern people coming up to ...

The couple holds $4.8M to $5M in retirement assets without counting home equity. The husband’s pension offers $2.9M lump sum at 60 or $15,600 monthly with survivor benefits. Their annual retirement ...

Rachel Reeves has been warned that cutting the tax-free amount people can withdraw from their pension pots would be self-defeating and “hit responsible savers who have diligently put money aside”. The ...

A new bipartisan bill would exempt retroactive Social Security payments from federal taxes, easing a surprise financial burden for millions of retirees.

Retirees could earn more retroactive lump sum payments for the time they missed out on the benefits.

Deciding between a pension lump sum and an income stream involves calculating the "present value" of future payments. Factors like your health, life expectancy, and the impact of inflation on future ...