A lump-sum payment is a monetary sum paid in one single payment instead of being allocated into installments. Lump sums are commonly associated with pension plans and other retirement vehicles, such ...

As you get closer to retirement, it becomes increasingly important to understand your options for accessing your pension – and how much tax you’ll need to pay. Following the introduction of pension ...

What Is a Social Security Lump Sum Payout? Social Security retirement benefits are paid monthly. However, if you’ve passed your full retirement age and have not yet filed, you can claim retroactive ...

Lotteries in the high hundreds of millions are starting to seem commonplace. In August a Florida ticket was the sole winner for the largest Mega Millions jackpot in the history of the game so far, ...

Saturday's Powerball jackpot would be the second-biggest in U.S. lottery history, only trailing the world-record $2.04 billion grand prize won in 2022.

Anam Bilgrami does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond ...

Read this if you're thinking about retiring and taking the lump-sum option Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five ...