Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The appeal of an annuity is straightforward: With this type of ...

For many retirees, the biggest financial fear isn’t a market crash — it’s running out of money. One way to lock in predictable income for life — and avoid the nightmare of running out of money in ...

If you’re retired or close to it, chances are you’re thinking about how to make your money last. An income annuity is one way to turn a chunk of savings into a guaranteed monthly paycheck. You hand ...

If you're nearing retirement right now, you're likely weighing options for turning your savings into reliable retirement income. The market has, after all, been anything but predictable recently, so ...

An immediate annuity is an investment that begins paying out distributions the same year you deposited funds. Withdrawals can ...

Survey after survey shows that retirees want lifetime income. Income annuities—products that convert a lump sum balance into a stream of income cash flows—deliver just that, which is why they are ...

A $400,000 annuity could be a good addition to your retirement portfolio, but you'll want to know the payouts first.