An annuity is an insurance product. It provides a long-term stream of income in exchange for an upfront premium. There are many types, including immediate, deferred, fixed, variable and indexed.

Annuity plans don’t promise high returns, but they do offer something many retirees value more, a predictable income that doesn’t depend on markets.

Annuities provide a fixed income stream for retirement based on earlier deposits. There are several types, including fixed, variable, and indexed annuities. Choosing the right type depends on your ...

Not all financial products are created — or regulated — equally. Stocks and mutual funds fall under federal securities laws, while savings accounts benefit from FDIC protection. But annuities? They’re ...

Despite cooling inflation, market volatility and increasing lifespans have left many older Americans worried about their retirement security. As seniors face the reality that their savings may not ...

In the past, annuities have been misunderstood as complex investment vehicles. After all, they’re known for their high commissions and opaque fees. Furthermore, these commissions often line the ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while annuities do come with some sizable benefits overall, what you ...

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 ...

Cassidy Horton is a finance writer with over five years of experience contributing to top finance brands like Forbes Advisor, NerdWallet and ConsumerAffairs. She’s also the founder of Money Hungry ...

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Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of ...