If you have a pension plan coming, knowing how to receive it is critical to successfully spending the money. There is no question that deciding between a lump sum and a monthly annuity payment depends ...

Planning for long-term care is one of the hardest financial puzzles families face. In New York, one woman laid it out in plain terms on an aging-care forum: Can my mother cash out her annuity to pay ...

If you're nearing retirement and thinking about turning your savings into guaranteed monthly income, a $250,000 annuity might seem like a smart move. An annuity is a financial contract you buy from an ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. So, what could your payments look like if you're investing $500,000 in ...

While inflation has been cooling, the higher prices of essentials are still weighing on household budgets after years of sticky inflation, and other economic hurdles and uncertainties are also looming ...

Jeanette Beebe is an experienced journalist, fact-checker, and audio producer covering personal finance, retirement, science, business, medicine, technology, and the arts. Her reporting has appeared ...

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 ...

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 ...