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Annuities can provide retirement income and perhaps even an inheritance to pass to your heirs. But there are potential ...
Compare fixed, variable, indexed, and immediate annuities. Understand which type fits your retirement planning strategy best.
Annuities can help provide critical retirement income, but some are safer than others if there's a market downturn.
A $400,000 fixed annuity can offer reliable monthly income, but the payouts can vary due to a range of factors.
Similarly, a fixed index annuity, also known as indexed annuity or equity-indexed annuity, offers payment or returns based on the performance of a market index (the S&P 500, for example).
For example, rather than having a fixed $1,000 a month payment for the life of the annuity, you could choose to structure the annuity to start off paying $600 per month, but then grow by 2% each ...
For example, if you buy a fixed annuity with a $100,000 premium and the insurer offers a 5% rate, you can expect $5,000 per year in payments. So, what's considered "good" right now?
A fixed indexed annuity is an insurance contract that provides an income stream in retirement. ... For example, if the company has a 2.5% administrative fee and your return is 7.5%, ...
An annuity is a way to get a guaranteed stream of income in retirement. But not all annuities are the same, and if you select the wrong one, it may cost more money than it has to. When it comes to ...
He cited the example in which a 65-year-old might receive $59,000 a year from a $750,000 annuity, versus an 80-year-old, who might receive $75,000 per year. The annuity's structure considers these ...
Read the fine print before purchasing an annuity. For example, some fixed annuities may have a minimum guaranteed interest rate of 0%. So, while you won't lose the principal, your money will not grow.
Similarly, a fixed index annuity, also known as indexed annuity or equity-indexed annuity, offers payment or returns based on the performance of a market index (the S&P 500, for example).