John Egan is a veteran personal finance writer whose work has been published by outlets such as Bankrate, Experian, Newsweek Vault and Investopedia. With more than six years' experience an editor, ...

Retirees typically use them to diversify their income streams once they leave the workforce. Some annuities even pay out for the remainder of your life, protecting you against superannuation (the risk ...

As you plan for retirement, you may set a goal to accumulate a $1 million nest egg. If you put that money into an annuity, you could expect a steady monthly income. That’s an appealing prospect, ...

Annuities are a financial product commonly associated with retirement planning due to their ability to provide reliable payments over time. But lately, thanks in large part to their potentially higher ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

Sales of annuities where the income on offer increases every year have surged – and more people are also taking up enhanced ...

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 ...

If you’re looking for a guaranteed stream of income in retirement, an annuity might be on your radar. You might even be considering investing a sizable chunk — say $500,000 — to secure reliable ...

Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The ...

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 ...

If you’re retired or close to it, chances are you’re thinking about how to make your money last. An income annuity is one way to turn a chunk of savings into a guaranteed monthly paycheck. You hand ...