Total 2024 annuity sales were up 12% over 2023 and nearly 40% over 2022, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.

Some plans allow you to purchase annuities, which are another option for funding retirement. Annuities are not a common option in 401(k) plans, however. Even though including this option might ...

An annuity is a financial product that can provide a stream of guaranteed income in retirement. But buying an annuity isn’t always as straightforward as it seems. With different types ...

"When you think about retirees of the past, many had pension plans from their employers and, through that, a guaranteed income stream," Elle Switzer, director of annuity product management with ...

If you love the idea of a risk-averse investment that isn't necessarily subject to the stock market's ups and downs, an annuity can provide a guaranteed income stream for many years. The thing ...

In recent years, a wave of retiring baby boomers and high interest rates have helped fuel record-breaking sales in the annuity market. From 2022 to 2024, annuity sales topped $1.1 trillion ...

FG Trade Latin / Getty Images Variable annuities are insurance contracts that provide tax-deferred growth of assets that can later generate a guaranteed income stream, thus making them popular ...

A new report by the Grattan Institute examined the attractive concept of “annuities” whereby older Australians can get a regular payment for life in return for an upfront investment. Unfortunately, ...

What is an annuity rate? Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension ...

24/7 Wall St. Key Points: While annuities may not be right for everyone, there are definite scenarios where they can work out well. This is especially true for anyone looking for guaranteed ...