An annuity is a financial product designed to provide a steady income stream, often during retirement. While annuities can serve as a reliable paycheck replacement, the way your annuity pays out is ...

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 ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The appeal of an annuity is straightforward: With this type of ...

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 ...