There are many types of annuities out there. Critics might say too many types. But if you’re in the market for an annuity, it’s important to understand how they’re described and classified so you know ...

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Learn how different annuities work, what fits your goals, and why expert advice can help you build a reliable income stream ...

Retirees typically use them to diversify their income streams once they leave the workforce. Some annuities even pay out for the remainder of your life, protecting you against superannuation (the risk ...

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.

If you’re looking for a guaranteed stream of income in retirement, an annuity might be on your radar. You might even be considering investing a sizable chunk — say $500,000 — to secure reliable ...

As you plan for retirement, you may set a goal to accumulate a $1 million nest egg. If you put that money into an annuity, you could expect a steady monthly income. That’s an appealing prospect, ...

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 ...

My brother will soon receive his inheritance from our dad's estate. He is older and not in good health, so I don't expect he'll ever be employed again. He does not manage his own bills and he does not ...

John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. With more than six years' experience an editor, ...

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 ...