If you take the lump-sum payment, the entire winnings would be subject to income tax in that year, and you would be in the ...

Ottawa County commissioners on the county's Finance and Administration Committee on Tuesday, Dec. 3 approved an amended ...

Then, add one, making the example 1.08. Finally, raise the number to the power of however many years you'll hold your lump-sum investment. For example, to calculate compounding over a 10-year ...

On the other hand, an annuity is a financial contract that guarantees ... option that combines the benefits of both a lump ...

With this option, you would accept the single-life benefit, taking the highest annuity payment and then paying a premium to an insurance contract that would pay a lump sum to the surviving spouse ...

Here are the steps in Excel: To see how this all works, let’s look at an example. In Figure 1, I compare a lump-sum offer of $500K to the 100% joint survivor pension option, which is $25K a year.