Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.

An annuity can help you save for retirement and has favorable tax benefits. Experts caution that annuities can be complex and risky, carry high fees and are difficult to cancel. Some alternatives to ...

An immediate annuity is a financial product sold by insurance companies that allows you to convert a lump sum of money into a stream of guaranteed income payments. Most people who purchase immediate ...

Investing in a $400,000 annuity can provide a steady income stream in retirement, but how much you'll receive depends on various factors. Here's a comprehensive breakdown of what you can expect and ...

If you are looking for additional ways to fund your retirement, you may find yourself considering an annuity. With an annuity, you can guarantee a set monthly payment for the rest of your life. But ...

Retirees typically use them to diversify their income streams once they leave the workforce. Some annuities even pay out for the remainder of your life, protecting you against superannuation (the risk ...

Retirement and uncertainty go together about as well as mustard and chocolate. Which is to say, when you have the chance to reduce the variability of your income streams in retirement, it’s worth ...

David Rodeck is a financial journalist based in New York City specializing in banking, investing and financial planning. Before writing full-time, David was a financial adviser and passed the Series 6 ...

Adam B. Frankel is a personal finance writer and financial adviser with over 30 years of experience. When he’s not managing money in the stock market, he teaches financial topics and other core ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Dr. Melody Bell is a personal finance expert, entrepreneur, educator, and researcher. Melody ...

Annuities are becoming one of the most common financial products used when planning for retirement. Buyer demand, fueled by higher interest rates, market volatility from the COVID-19 pandemic and ...