Generally speaking, expected return is the total amount that the annuitant or annuitants can expect to receive over the annuitization period of the contract. If payments are for a fixed period or a ...

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 ...

A temporary life annuity is one that provides for fixed payments until the death of the annuitant or until the expiration of a specified number of years, whichever occurs earlier. The basic annuity ...

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 ...

Here is my question, which uses hypothetical values for simplicity: My RMD for 2024 is $10,000. Can I avoid paying the IRS the tax on that $10,000 this year by investing the full $10,000 RMD or the ...

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, ...