annuities

Everything You Need to Know About Annuities

Find out if one is right for you.

Annuities can be a good way to ensure a steady stream of income in retirement if -- and that's a big IF -- you choose the right kind for your needs.

There are a whole range of products labeled annuities, and some are much better than others. A few new developments make some more appealing than they have been in the past. But sales people continue to tout both the good and bad. So you need to be really careful before you jump into an annuity.

THE BASICS

What to Ask Before Buying an Annuity If more people understood these confusing products, fewer probably would be sold. Find out what you need to know.

Guarantee Income in Retirement If you're worried you might outlive your savings, consider an annuity.

Choose an Annuity You Can Ride for Life An array of new products offer death benefits, inflation protection, emergency cash and more.

Giving a Charitable Gift Annuity This annuity won't give you the highest payout, but it will help you support a charity, receive lifetime income and get some big tax breaks, too.

NEW TWISTS

«u0

«u0

Annuities With New Promises Now dozens of insurers are offering a new way to get lifetime income, but with opportunities to cash out and for payouts to increase.

Retirement Income You'll Never Outlive New longevity insurance policies promise a big payoff -- if you live long enough to collect.

Indexed Annuities: Too Good to be True? The sales pitches for these annuities are enticing, but few -- if any -- are a good place to put your money.

WHEN ANNUITIES ARE WRONG

„ap

„ap

The Great Annuity Rip-Off Unscrupulous agents take advantage of seniors with risky investments that cost too much.

How to Dump a Bad Annuity Consider these three things if you want to get rid of an annuity you no longer want or need.

Most Popular

The Wrong Way to Achieve Wealth
personal finance

The Wrong Way to Achieve Wealth

For some down-to-earth, basic advice on money and life, I have a book to recommend: “Your Total Wealth: The Heart and Soul of Financial Literacy.”
April 17, 2021
The Perfect Storm for Retirees
retirement planning

The Perfect Storm for Retirees

Today’s retirees could face a perfect storm because they are living longer and spending more time in retirement, while at the same time losing access …
April 18, 2021
Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
April 14, 2021

Recommended

This Often-Overlooked Way to Fund Your Roth IRA Has Many Advantages
annuities

This Often-Overlooked Way to Fund Your Roth IRA Has Many Advantages

A Roth annuity can create tax-free lifetime income during retirement or reduce your risk while saving for retirement.
April 8, 2021
How Savers Can Earn More on Their Money, and Do It Safely
annuities

How Savers Can Earn More on Their Money, and Do It Safely

With interest rates perpetually doing the limbo (how low can they go?), here are three different types of fixed annuities that can be good alternative…
February 24, 2021
The Case for Indexed Annuities
Financial Planning

The Case for Indexed Annuities

These products may offer better returns than traditional fixed-income investments. But there are trade-offs.
February 19, 2021
How Annuities Are Taxed
annuities

How Annuities Are Taxed

Annuities offer powerful tax advantages, and a few (avoidable) pitfalls. How to cut your taxes and avoid surprises.
February 12, 2021