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The pension lump sum ‘emergency’ tax trap that could cost you thousands

Building a good pension takes a lifetime of hard work, so ensuring you are making the most of every pound is essential. But an unfortunate quirk of HM Revenue & Customs’ (HMRC) system means pensioners ... read more

Which Investing Technique Can Get Me More More: Lump Sum or Dollar Cost Averaging (DCA)?

A Money Girl listener named Eric says, “I really appreciate listening to your show and all the great information you give. I have a question regarding contributions to my Roth IRA. read more

Dear Penny: Can I withdraw a lump sum from my late wife’s IRA and avoid taxes?

Taxes are owed on retirement account contributions because those distributions are income similar to any other income you earn. read more

A lottery winner's lucky dilemma: lump sum or annual payments? Here's what to know.

Should you take your lottery winnings in a lump sum or in annuity payments over time? We talked to some experts to find out which option is better. read more

The Pension Payout Dilemma: Pros and Cons of Lump Sum vs. Annuity

The pension payout dilemma refers to the choice you eventually face when you have a traditional defined-benefit pension plan. At some point, you'll need to decide whether you want a one-time, ... read more

Did anyone win the Powerball drawing? These are the winning numbers from April 22

With the latter, the winner receives just over half that amount as a lump sum payment. If you don't win the jackpot but instead win a smaller prize, the Powerball website has a helpful chart to see ... read more

N.Y. Lottery: Company wins $1M Powerball second-prize; opts for lump sum

The New York Lottery continues to be North America’s largest and most profitable Lottery, contributing $1 billion in fiscal year 2022-23 to help support education in New York State. read more

Lottery player who won $1,000 a week for life opts for huge lump sum

A lottery player from Ontario has plenty of reasons to celebrate after winning $1,000 a week for life on an Instant ticket. read more

What would you do if you won the lottery? Would you take a lump sum or annual payments?

When winning the jackpot, winners can opt to receive their winnings all in one shot. This means that winners will receive their money and not have to wait to receive a check on a yearly basis. However ... read more

N.Y. Lottery: NYC player claims Cash4Life second prize as one-time lump sum

The top prize is $1,000 a day for life. It is payable as a for-life annuity (minimum of 20 years) of $365,000 per year or a one-time lump sum payment at the election of the winner. The amount of the ... read more

Gov't to settle lump sum for retired teachers by April 27

The government has agreed to pay the outstanding lump sum of teachers who retired from January 2020 to December 31, 2020 . read more

Thousands will get £250 lump sum from government after rule change last week

Household Support Fund - worth over £400m - has been launched by the government with the West Midlands set for £49million of the cash. read more