If you’ve ever wondered what is an annuity and whether it belongs in your retirement plan, here’s the short answer: It’s a financial product, usually sold by insurance companies, that turns your money ...

An annuity can help you save for retirement and has favorable tax benefits. Experts caution that annuities can be complex and risky, carry high fees and are difficult to cancel. Some alternatives to ...

Claiming Social Security before your full retirement age can stunt your monthly payouts for the rest of your life. For people born in 1960 or later, full retirement age is 67, though you can claim ...

In an uncertain economy fueled by high interest rates, annuities are more popular than ever. Last year, annuity sales soared to a record-high $385.4 billion in the U.S., a whopping 23% increase over ...

Annuities can be a good option for investors seeking steady income during retirement. To get started, it's important to learn some basic annuity terms. These 12 key terms will help you understand how ...

Retirement and uncertainty go together about as well as mustard and chocolate. Which is to say, when you have the chance to reduce the variability of your income streams in retirement, it’s worth ...