Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.

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 ...

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 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 ...

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 ...

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of money in exchange for the issuer's promise to make payments to you for ...

As more Boomers retire and seek guaranteed sources of income for life, sales of immediate annuities are picking up—primarily fixed immediate annuities. First quarter fixed immediate annuities sales ...

While annuities are not new to the retirement income marketplace, potential clients still hesitate to adopt them, even though ...

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 ...

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