An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

When a lender and a borrower agree on a loan, several accounting methods can be agreed upon for repayment. Also, several legal mechanisms can be used to put terms of the agreement in writing. One ...

There’s usually a 10% early withdrawal penalty if you take money from a traditional retirement account in your 50s or younger, but there are a few exceptions to the penalty. A substantially equal ...

For the past seven years, Kat has been helping people make the best financial decisions for their unique situations, whether they're looking for the right insurance policies or trying to pay down debt ...

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 ...

Agency: "Internal Revenue Service (IRS), Treasury." SUMMARY: This document sets forth a final regulation that provides rules for Federal income tax withholding on certain periodic retirement and ...

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec.