Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Dr. Melody Bell is a personal finance expert, entrepreneur, educator, and researcher. Melody ...

As you approach retirement, one of the most important considerations is securing reliable income streams that will support you through the remainder of your life. Alongside Social Security, pensions, ...

A deferred annuity is a long-term contract with an insurance company that provides future income–often for life–in exchange for premium payments, with options like fixed, variable, and indexed types ...

Recurring or ongoing payments are technically annuities. Whether making a series of fixed payments over a period, such as rent or car loan, or receiving periodic income from a bond or certificate of ...

A fixed annuity provides a guaranteed income stream. Payouts can be immediate or deferred. Drawbacks include limited upside. Annuities can help ensure your retirement savings last your entire life.