An annuity can provide lifetime income. But they come with several advantages and disadvantages to know about.

An individual retirement annuity is an investment vehicle that is sold by insurance companies and works similarly to an individual retirement account (IRA). Individual retirement annuities can ...

Annuities are now an option in some 401(k)s, but that doesn't mean they should be included in your retirement plan.

That was my reaction as I read about the Retirement Income Style Awareness matrix in Professor Wade Pfau’s excellent Retirement Planning Guidebook. Forget bickering about “the best” solution ...

so they're are frequently used by people already in retirement. A deferred annuity can also be converted into an immediate annuity.