First determine what type of annuity you have ...

An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest of your life. By applying a mathematical formula consisting of variables ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Dr. Melody Bell is a personal finance expert, entrepreneur, educator, and researcher. Melody ...

These estimates are based on a single-life immediate fixed annuity, which begins paying out right after purchase and continues for the rest of your life. Generally, the older you are when you buy the ...

Annuities provide periodic payments for an agreed-upon period of time, either now or in the future, for the annuitant or beneficiary. You can annuitize the annuity by making monthly, semiannual, or ...

A lot of retirees use annuities to simplify their income stream in retirement but that doesn’t mean annuities are simple. Beyond choosing what kind of annuity to purchase – immediate vs. deferred and ...

An annuity is a contract with an insurance company that gives you an income stream. You can buy an annuity with a single payment or a series of payments. Annuities come in many forms with varying ...

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 ...

David Rodeck is a financial journalist based in New York City specializing in banking, investing and financial planning. Before writing full-time, David was a financial adviser and passed the Series 6 ...