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 ...

There is indeed a little-known Social Security claiming strategy that provides a lump-sum payment, but it’s not without its ...

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 ...

Not many retirees or would-be retirees may be aware of this, but it’s possible to receive a lump-sum payment from their Social Security benefits – under the right conditions. If you have clients who ...

Filing for a Social Security retroactive lump sum can be tempting – but there are a few caveats. Find out if this retirement strategy is for you Claiming retroactive Social Security benefits can be an ...

Recasting lowers your monthly payment, but it doesn't shorten your mortgage or maximize interest savings. Making an extra principal payment won't lower your monthly payment but can reduce the total ...

Prudent savers who returned their tax-free lump sum back into a pension could face an eye-watering tax bill of up to 70%.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. This is especially true for baby boomers, millions of ...