Combined income is your adjusted gross income plus any tax-exempt interest and half your Social Security benefit.

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 ...

You may also need to consider Uncle Sam. Depending on your income, Social Security benefits may be taxable, and a lump-sum payment could boost the amount of benefits that are taxed. The federal ...

One of the most significant decisions anyone with a pension can make is taking a lump sum (annuity) versus receiving monthly payments. At some point, you’ll have to make a decision, and this decision ...

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 ...