A: An annuity is a contract with an insurance company. In the most basic annuity type, income annuities, you give the ...

Many soon-to-be retirees turn to investments they believe are safe, like annuities, to protect and preserve their nest egg. Annuities can be an appealing option, thanks to their tax-deferred growth, ...

An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

Although annuities aren’t technically investments, such as stocks, they can still be effective savings tools. There is a longer life expectancy and unpredictable expenses always come into play. As ...

At 55, retirement annuities could be an option, but timing, cost and flexibility matter more than you might think.