Discover how taxes slash a $1.5 billion Powerball jackpot, with winners taking home far less after federal and state cuts.

If the winner takes the lump sum, they will immediately face a federal withholding tax of 24%, bringing their winnings down ...

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 ...

Mark Gleeson, senior technical manager for MLC, said on a recent webinar that those choices are either taking a disability ...

The Powerball jackpot has climbed to $930 million, but lump-sum payouts, federal taxes, and state deductions sharply reduce ...

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 ...

If you beat the Powerball jackpot's odds, the amount you actually get will depend on where you live. Here's what the prize would be in your state.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. GREENSBORO, N.C. (WGHP) — If you’ve ever ...

With a $1 billion Powerball jackpot prize on the line, having a plan in place is not only smart, but very necessary. Here's ...