Like any other financial vehicle, annuities have their pros and cons. But they vary greatly. Different types work differently and accomplish different goals. Some are quite complex; some are ...

Annuities can supercharge your retirement savings, but there’s a potential downside. Nearly all annuities impose a surrender period, during which excessive early withdrawals are subject to a surrender ...

If you’re retired with an annuity that was purchased between 2000 and 2015, it’s likely sitting in the financial equivalent of a junk drawer, uncovered and remembered only when you go looking for ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Annuities are a tool that can create reliable retirement income that can last as long as you do. Each annuity is a contract between you and an insurance company: You provide the company money now, and ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

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Annuities are experiencing a resurgence as retirees seek stable income sources due to factors like stock market volatility and economic uncertainty. From 2022 through 2024, the U.S. annuity industry ...

Most Americans build retirement savings through individual retirement accounts or employer-sponsored plans such as 401(k)s. But another option is an annuity, which is designed to provide a steady ...

If you’ve been considering adding an annuity to your retirement plan, you’ve probably noticed that opinions vary widely as to whether it’s a good strategy. Many people, potentially including some ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Determining what tools you should use to create a safe but strong retirement plan can be difficult in any economic landscape, but it's especially tough in today's unusual economy. With inflation ...