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

Once you reach age 55, you can start to make withdrawals from your pension, including a 25 per cent tax-free lump sum - the ...

Many beneficiaries face the decision of whether to withdraw the money as a lump sum, reinvest for higher yields, or consider a more conservative strategy to reduce taxes, especially since ...

You can superfund a child's 529 account by making a lump-sum contribution of up to $95,000 ($190,000 if you're a married ...

This gives control but as we're seeing today, carries investment risk. Lump sum withdrawals (UFPLS): Withdraw cash in chunks, with 25% of each sum tax-free. Annuity: A guaranteed income for life.

Offered by mutual funds, an SWP allows investors to withdraw a fixed amount at regular intervals. This makes it an ideal ...

How much tax will I pay on a lump sum? With UFPLS, usually 25% of each withdrawal is tax-free, with the rest charged at your normal income tax rate. Due to an unfortunate quirk in the tax system, the ...

A Rs 3,00,000 one-time (lump sum) investment in a mutual fund may help get a monthly income of over Rs 52,000 for 30 years.

Inheriting a substantial sum of money, especially within tax-advantaged accounts like individual retirement accounts, can be ...