For many retirees, securing a steady stream of income is a top priority. One way to protect against the risk of outliving your savings is through an income annuity, a financial product that provides ...

If you’re retired or close to it, chances are you’re thinking about how to make your money last. An income annuity is one way to turn a chunk of savings into a guaranteed monthly paycheck. You hand ...

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 ...

If you decide to invest in an annuity, you should understand how much stable income you can expect. If you have $1 million, you likely want to know how much your monthly payout will be. Monthly cash ...

Annuities can provide you with guaranteed income in retirement, but the amount of annuity payouts you receive each month depends on several factors. For example, your age, gender, amount invested, ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

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 ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...