Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Dr. Melody Bell is a personal finance expert, entrepreneur, educator, and researcher. Melody ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Not all annuities — or annuity rates — are created equal, though. In ...

Annuity rates are competitive now amid an overall elevated rate climate. Some providers are currently offering immediate annuity rates above 7% for a 65-year-old, compared to the 4% to 5% range when ...

An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest of your life. By applying a mathematical formula consisting of variables ...

An annuity can provide you with a steady stream of income, ensuring that you have money when you need it. That’s why many people turn to annuities during retirement, to be sure that they have cash ...

For investors seeking a predictable return without the volatility of the stock market, a seven-year fixed annuity can be an appealing option. The term is long enough to secure competitive rates but ...