There are many types of annuities out there. Critics might say too many types. But if you’re in the market for an annuity, it’s important to understand how they’re described and classified so you know ...

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 ...

Annuities can provide guaranteed income for life, making them an attractive option for retirees and long-term investors. However, before committing to one, it’s essential to understand the costs ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. With more than six years' experience an editor, ...

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.

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 ...

It can be tough to prepare for retirement amid today's economic uncertainty, and even retirees who've planned diligently are feeling the pressure of the current landscape. One major issue is that the ...

If you’re looking for a guaranteed stream of income in retirement, an annuity might be on your radar. You might even be considering investing a sizable chunk — say $500,000 — to secure reliable ...

After years of diligently saving, watching markets rise and fall and checking retirement calculators with cautious optimism, many near-retirees now face a real challenge: turning savings into ...