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

An annuity is a contract with an insurance company that gives you an income stream. You can buy an annuity with a single payment or a series of payments. Annuities come in many forms with varying ...

A fixed annuity provides a guaranteed income stream. Payouts can be immediate or deferred. Drawbacks include limited upside. Annuities can help ensure your retirement savings last your entire life.

An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest of your life. By applying a mathematical formula consisting of variables ...

An annuity is a financial product you purchase from an insurance company with a lump sum or a series of payments. After you pay the contract in full, you start receiving payments from the insurance ...

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 ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

Annuities are designed to provide you with a consistent stream of income for retirement. If you're interested in adding an annuity to your financial plan, you may be wondering when you should consider ...

How we will be cared for in our later years – and how much we are willing to pay for it – are conversations best had as early ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Annuities can play a key role in retirement planning by offering ...

“He believes the annuity will net $1,600 per month, the same as the rent from the house.” ...