Retirees facing a $400K lump sum or $2,000/month pension are not just picking a payout style, they are locking in how much ...

When companies offer a pension, it’s common to give retirees two options: collect the pension as a lifetime monthly payment or receive it as a lump sum at retirement. Monthly payments over time are ...

For the Dec. 24 Powerball drawing, the advertised jackpot was about $1.817 billion, but the actual take-home amount depends ...

An unprecedented experiment has been going on for years in Kenya, and this week we've gotten the first results. A U.S.-based charity called GiveDirectly has been providing thousands of villagers ...

At the state level, Arkansas taxes lottery winnings as ordinary income. With the state’s top marginal income tax rate at 3.9% ...