An annuity offers guaranteed income for a set period of time. There are several types of annuities to choose from-with fixed annuities and index annuities being two of the most popular options. While ...

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.

If you are looking for additional ways to fund your retirement, you may find yourself considering an annuity. With an annuity, you can guarantee a set monthly payment for the rest of your life. But ...

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 ...

An annuity is a financial product designed to provide a steady stream of income, making it a popular choice for retirees. They can be very useful for creating steady income in retirement, but they’re ...

Working out the best way to fund long-term care is a fraught business, and not just because it is so expensive. It's usually handled by adult children or other family members struggling to do their ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Total annuity sales were $432.4 billion in 2024, up 12% yearly, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey, representing 83% of the U.S. annuity market. It ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...