One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly ...

The Fat FIRE Reddit community discusses popular tax strategies that can reduce your tax bill. These are some of the top tips.

After completing their tax returns, some will find they didn't pay enough during 2024. Workplace retirement plans, like 401(k ...

Here are Monday’s winning lottery numbers: The estimated Powerball jackpot is $183 million. The lump sum payment before taxes would be about $84.5 million.

On retirement, you are allowed to take up of 25% of your personal private pension as a tax-free cash lump sum. The remaining 75% must be used to buy an annuity. The size of the tax-free lump sum ...

Here, Which? breaks down what you need to know before taking cash from your pension. You can take a tax-free lump sum from your pension when you turn 55 (rising to 57 in 2028). Usually, any income you ...

While any lump sum would likely be taxable, you could roll it directly into an IRA, withdraw funds, and pay income tax as you usually would with an IRA. Separately, pension monthly payments ...