Winning the lottery is a dream come true for many, but deciding how to receive those winnings can be a real head-scratcher.

Lump sum vs. annuity: 6 factors to consider when making your decision Everyone’s financial situation is different, so it’s ...

Often, the decision to take a pension annuity option over an available lump sum option rests on which option provides the greatest income. And that makes perfect sense if all of the other factors ...

Lottery winners will also typically have the option to take a lump-sum payout versus yearly payments. Annuities provide a ...

It’s important to note that most living annuities can be changed into a life annuity later if needed. However, once you ...

"As we know tax rates are always changing. If you take a lump sum you are looking at a 39.6% rate. If you take an annuity over the next 30 years the rates will probably be very different when you ...

Imagine that you are deciding whether to take a $78,000 lump sum or receive $650 monthly annuity payments. Your current age and life expectancy are key considerations in this decision. For example ...

However, taking a lump sum and deploying it wisely can give you more control … and sometimes more income. When making your pension-vs.-lump-sum decision, here are some things you need to consider.

In this situation, the monthly pension benefits total $208,620, slightly more than the $200,000 lump sum. The outcome is different if instead the $915 payments start at 60 and you are a 60-year ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump ...

Pros and cons of drawing a lump-sum payment from the pension fund When drawing Pillar 2 funds, you can choose between a lump-sum payment, a monthly pension or a combination of the two. Our tips help ...

The issue of lump sum payment to pensioners at retirement under the Contributory Pension Scheme, CPS, has been an issue since the inception of CPS following the Pension Reform Act, PRA ...