Here are 20 things you need to know before buying an annuity: An annuity is a contract between you and an insurance company to cover specific goals, such as principal protection, lifetime income, ...

If you’re feeling left out because you don’t have a pension, you’re far from alone. Only 22% of workers are covered by a pension these days, according to the Federal Reserve. But if you want to have ...

As more states start using lotteries as revenue sources, CPAs will face an increased number of tax questions from winners. Recently the Fifth Circuit Court of Appeals considered how to value for ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

The IRS uses required minimum distributions to ensure people take money out of their traditional retirement accounts as they get older. The agency has to collect tax revenue, but beyond that reason, ...