Taking a lump sum from your pension can be a fantastic way to pay off your mortgage, help out the kids or boost your savings. But understanding the rules is crucial if you want to make the most of ...

Lottery payments work in one of two ways: you get a lump sum or stream of annuity payments. Taxation varies by payout and can lower winnings by up to 50%. Winning the lottery would be a huge deal for ...

The advertised $1.10 billion Powerball jackpot is the kind of number that makes people mentally quit their jobs on the spot, but the figure on the billboard is not what lands in a winner's bank ...

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

On Friday night, someone could win a $1.22 billion Mega Millions jackpot. It might even be you or me. (Probably not.) Lottery jackpots in the high hundreds of millions or even a billion are starting ...

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Monday’s jackpot ranks as the fourth largest in Powerball history and the fifth largest among U.S. lottery jackpots.

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

The Powerball jackpot grew even richer after no ticket won the $550 million lottery on Wednesday night. No one has scored the Powerball jackpot since December, creating a mania around the ...

A sign advertising the lottery is seen along Highway 101 as the Mega Millions jackpot reached $1.58 billion in Belmont of San Mateo County, California.Tayfun Coskun/Anadolu Agency via Getty Images One ...

Lady Luck was present and accounted for when a woman from Sandusky, Ohio, won big in the state’s 50th Anniversary scratch-off ...