Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.

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 ...

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.

A variable annuity is a form of annuity that provides consistently timed payments to the annuity holder in potentially varying amounts. A variable annuity is a type of annuity that provides periodic ...

As you look toward retirement, you may consider different strategies to ensure a steady stream of income. Annuities are one way to accomplish that goal. These financial products usually require you to ...

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 ...

Annuities can be a powerful tool for retirement planning, but they can easily feel complex and overwhelming if you’re unfamiliar with the terminology. Here’s a breakdown of the most common annuity ...

Annuities provide steady income and can complement Social Security and pensions in retirement. Each annuity type has trade-offs, so it’s important to understand the pros and cons of fixed, variable ...

He envisions such an immediate variable annuity being available for advisers in 2018. (More: Selling annuities under the DOL fiduciary rule is a whole new ballgame) On Monday, Mr. Gacona also ...

An index immediate annuity caps both your potential gains and losses, so there is less volatility in your income than you’d have with a variable annuity. As a result, you’ll earn less in good years ...

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.