To illustrate how lump-sum and annuity payments work, imagine you win $10 million in the lottery. If you take the lump-sum ...

Here’s a breakdown of the factors involved: Using these factors, there’s a specific formula to calculate the payment amount ...

The concern here is that when you retire and are relying on an annuity payment from a pension, you are placing a lot of trust in the pension calculations. And if the calculations are off ...

A single-premium fixed annuity is one that you purchase with a lump sum of money. A flexible-payment fixed annuity is funded by payments over time. Flexible-payment annuities are always deferred ...