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.

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 ...

The big NPS decision is not just how much you withdraw, but what kind of monthly income you are locking in for years.

These insurance contracts offer steady income but have some downsides Fact checked by Betsy Petrick An annuity is a contract purchased from an insurance company with a large lump sum in return for ...

Brittany Brown is a full-time copywriter writing covering real estate and personal finance topics like budgeting, investing, credit cards, and more. She is currently working to become an accredited ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Roger Wohlner is an experienced financial writer, ghostwriter, and advisor with 20 years of ...

An annuity is a financial product that provides an income stream to supplement a retiree’s income over time. However, as the financial landscape evolves, so do annuities’ features, benefits, and ...

It’s no secret that annuities play a pivotal role in retirement planning, providing a steady income. Despite certain tax advantages, annuity taxation has several intricacies that must be understood ...

Laurie Sepulveda is a MarketWatch Guides team senior writer who specializes in writing about personal loans, home equity loans, mortgages and banking. She lives in North Carolina and has taught and ...

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 ...

Annuities can be a valuable tool for retirement income planning, but determining the best time to buy one requires careful consideration. If you buy one too soon, you’ll lock up your money for years ...