David Rodeck is a financial journalist based in New York City specializing in banking, investing and financial planning. Before writing full-time, David was a financial adviser and passed the Series 6 ...

An immediate annuity is a financial product sold by insurance companies that allows you to convert a lump sum of money into a stream of guaranteed income payments. Most people who purchase immediate ...

An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you a stream of payments that can last for life. The payments ...

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.

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 ...

Immediate fixed annuities and deferred fixed annuities are finding a growing market in the wake of the financial market meltdown. It’s no wonder. Their guaranteed payout rates are more than 8 percent ...

Turning a lump sum of cash into a steady income stream can offer financial stability and peace of mind, especially during retirement. Many people consider annuities for this purpose, as they provide a ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. And, for seniors already in their mid-70s, securing reliable monthly ...

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 ...

One of the best ways you can complement your retirement savings is through annuities. Here's how they can help you pad your ...

An immediate annuity is an investment that begins paying out distributions the same year you deposited funds. Withdrawals can begin as soon as one month after you make your initial payment. Immediate ...

An immediate annuity is an investment that turns your current retirement savings into future income payments. When you buy an immediate annuity, you receive guaranteed income payments for a set number ...