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 ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his ...

The earlier you would receive a lump sum payout, the more it will be worth to you in retirement. On the other hand, the longer you live to collect monthly payments, they can add up to be higher ...

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 ...

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 ...

Annuities are one way to accomplish that goal. These financial products usually require you to make a lump sum or series of contributions, then provide a schedule of payments over a determined ...

Annuities let you convert your savings into steady monthly payments that can last your lifetime, but come with high fees and ...

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 ...

The earlier you would receive a lump sum payout, the more it will be worth to you in retirement. On the other hand, the longer you live to collect monthly payments, they can add up to be higher over ...