Winning the lottery sounds great — until taxes enter the picture. Here’s what to know about federal taxes, state taxes and payout choices.

Financial planning for widows addresses the shift from managing money as a couple to making all financial decisions independently after the loss of a spouse. This transition involves understanding how ...

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My mother-in-law and father-in-law won two prizes in a raffle one Christmas. We were shown these prizes. Twelve months later, we traveled 2,500 miles to visit them for Christmas again.

Most people assume that giving money away to family is purely a personal matter - a generous gesture, maybe a smart tax move, and nobody else's business. That assumption can be catastrophically ...

The decline of pension plans means fiduciaries need to give lifetime income products greater consideration said experts in a recent webinar in which they discussed how to approach such savings ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...