When companies offer a pension, it's common to give retirees two options: collect the pension as a lifetime monthly payment ...

Louisiana Senator Bill Cassidy said the Social Security Administration must implement the Social Security Fairness Act as ...

Dan Azouri of Forest Hills, Queens, has claimed a $1,000 A Week For Life second prize for matching the first five numbers ...

Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump ...

A woman in southeastern North Carolina beat odds of 1 in 1,354,380 to be the first jackpot winner in the aptly named ...

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 ...

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 ...