If you have investable assets, you’ve probably heard of annuities. An annuity is a contract between an investor and an insurance company. The investor pays a sum of money (the premium) to the ...

As part of your retirement planning, you may have invested in a deferred annuity. And, hopefully, over the years you’ve enjoyed tax deferred growth in the contract. The annuity may be a fixed annuity, ...

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 ...

For all the pros that come with purchasing an annuity — a steady income stream, tax-deferred growth and potential survivor benefits — there are also drawbacks. One of the biggest is that annuities ...

An annuity is a financial product that can provide a stream of guaranteed income in retirement. But buying an annuity isn’t always as straightforward as it seems. With different types, rates and costs ...

Meagan is a former Series 7 financial advisor and current writer focused on blending straightforward information with a dose of humor on topics including equity investments, insurance products, and ...

*This article contains affiliate links that will earn us revenue Annuity providers use a host of factors to determine your quote, and the state of your health is one of the most important. Certain ...

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.