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

In the world of finance, an annuity is a contract between you and a life insurance company in which you give the company a lump sum or series of payments, and in return, the insurer promises to ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But if you've started exploring your annuity options, you've likely run ...

Fixed index annuities provide market-linked growth for your money and protect your principal. But returns are capped, and fees can be significant. A fixed annuity could provide partial protection ...

Nick Gallo has been a financial content marketer and journalist for over six years. He has deep expertise in credit-related topics, including credit reports and scores, loans and credit cards, and ...

There’s a lot of noise out there about annuities, and the issues making the most noise revolve around market uncertainty and an evolving interest rate environment. Kelly Kleinsasser Advising clients ...

How much cash can a $300,000 annuity generate for me each month? A middle-aged woman sitting with a laptop and holding a bill while entering numbers in a calculator. Imagine having a reliable source ...

Annuities are investment options that are typically best for older investors. For one thing, there’s a 10% penalty for annuity withdrawals before age 59 ½, making them problematic for younger ...

Experts say that retirees need 75% to 80% of their pre-retirement income after they retire. Social Security covers part of that, and pensions, interest, dividends and/or rental income contribute as ...