What Is the 5-Year Certain Annuity? A 5-Year Certain Annuity is a specialized form of an annuity contract, categorized under fixed period or certain term annuities, that commits to delivering ...

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Choosing the right type of annuity payout depends on when you want payments to start, how long you want them to last and if you want a survivor’s benefit. Single-life annuities provide higher income ...

If you participate in a pension plan through your workplace, you'll have to decide how you want to receive the payout when you retire. Pension plans typically offer two disbursement options: an ...

Often marketed as a secure retirement income source, annuities are popular financial products. However, they’re also one of the most misunderstood personal finance products out there. As a result, ...

Regarding retirement planning, an annuity can feel like a comforting safety net. You trade a chunk of your savings – say $250,000 – for a steady income stream, often for the rest of your life. But how ...

Retirement and uncertainty go together about as well as mustard and chocolate. Which is to say, when you have the chance to reduce the variability of your income streams in retirement, it’s worth ...

Beverly is a writer, editor, and paralegal specializing in personal finance and tax law. She covers personal financial and legal topics, as well as tax breaks, tax preparation software, and tax law ...

Cassidy Horton is a finance writer with over five years of experience contributing to top finance brands like Forbes Advisor, NerdWallet and ConsumerAffairs. She’s also the founder of Money Hungry ...

Annuities can be extremely confusing, with the contract containing terms like bonus rates, participation rates, caps, floors, spreads, riders and MVA clauses. damircudic / Getty Images In this season ...

Annuities are often touted as a reliable source of income during retirement. By exchanging a lump sum for a guaranteed stream of payments, you can mitigate the risk of outliving your savings. However, ...