An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

Discover the differences between dollar-cost averaging and lump-sum investing. Learn their pros and cons and how to choose the right one for you.

What Is a Social Security Lump Sum Payout? Social Security retirement benefits are paid monthly. However, if you’ve passed your full retirement age and have not yet filed, you can claim retroactive ...

The decision of whether to take a lump sum or an annuity from your pension can be overwhelming. It’s a choice that significantly impacts your financial future, and there’s no one-size-fits-all answer.

Withdrawing less cash at retirement can preserve your capital, save on tax, while also improving your longer-term income.

In early August someone who bought a Mega Millions lottery ticket in Neptune Beach won $1.5 billion. I’m not a fan of lotteries, although I’ll buy a ticket very occasionally as part of a group. I do ...

The Financial Conduct Authority has clarified that savers cannot always cancel their decision to take a tax-free lump sum ...

Read this if you're thinking about retiring and taking the lump-sum option Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five ...

Dollar-cost averaging involves investing at regular intervals. Perfectly timing the market is virtually impossible. Investing with emotions can cause people to make irrational decisions. Instead, you ...

Speculation about a new lower cap on tax-free cash is understood to have prompted a renewed rush of withdrawals, following a ...