An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

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 ...

While the economic outlook is a bit tumultuous overall, the retirement planning landscape is particularly uncertain right now. After all, the stock market has been volatile recently, making it tough ...

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 ...

Nick Gallo has been a financial content marketer and journalist for over six years. He has deep expertise in credit-related topics, including credit reports and scores, loans and credit cards, and ...

A recent paper from the National Bureau of Economic Research explored a guaranteed payout path involving defaulting 20% of a retiree’s assets greater than a certain threshold into an immediate annuity ...

Here are three tricky decisions that confront people planning for retirement today. It’s impossible to determine the “right” ...

An annuity is a contract with an insurance company that provides regular payments in retirement, typically for life. However, the trade-off for consistent income can be high fees, lower overall gains, ...

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 ...

Retirement planning has to change. We're living longer. Social Security is under pressure. Long-term care is costly and getting even more expensive. Think of your retirement savings as not only your ...

Outliving your money is one of the biggest financial fears people have going into retirement — and with good reason. From 2010 to 2020, the number of Americans age 85 to 94 grew 12.6 percent and the ...

For many retirees, the biggest financial fear isn’t a market crash — it’s running out of money. One way to lock in predictable income for life — and avoid the nightmare of running out of money in ...