With an annuity, you don't have the same kind of flexibility as with a 401(k) or IRA held at a brokerage firm. Liquidity is limited and early withdrawals can trigger surrender charges. Other ...

Annuities have a bad reputation due to their complexity, lack of transparency, and limited flexibility. However, for retirees focused on maximizing their spending in retirement, the simplest annuities ...

Almost all retirees receive at least some form of guaranteed lifetime income, most commonly Social Security. For many households, Social Security represents the largest cash flow source in retirement, ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Take 401(k) plans and annuities, for example. A 401(k), which is a ...

Nick Gallo has been a financial content marketer and journalist for over six years. He has deep expertise in credit-related topics, including credit reports and scores, loans and credit cards, and ...

The retirement landscape has shifted dramatically over the past few decades. Gone are the days when most retirees could count on a generous company pension to carry them through their golden years.

Although annuities aren’t technically investments, such as stocks, they can still be effective savings tools. There is a longer life expectancy and unpredictable expenses always come into play. As ...

Choosing how to ensure financial stability and security in your later years is one of the most important decisions you can make when planning for retirement. An annuity, however, can be essential in ...