Morningstar’s director of personal finance and retirement planning. This interview has been edited for length and clarity. Q: How do income annuities work, and how they are different from investing in ...

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 ...

If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for ...

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, ...

So what is an annuity? Annuities are insurance company products that pay out at a fixed rate or amount of money in a series of payments instead of a lump sum payment. Their main function is to remove ...

As you plan for retirement, building a secure nest egg becomes a top priority. Individual retirement annuities and individual retirement accounts (IRAs) are two similar-sounding options, but they ...

This is where annuity plans come into play. Offered mainly by insurance companies, annuities are designed to give you a ...

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 ...

I hate annuities — and you should, too. That infamous line, popularized by financial entertainers and clickbait headlines, has shaped a generation’s perception of annuities. But let’s be honest — most ...

The rules differ for living annuities, pension and provident funds — and understanding them can prevent financial hurdles for ...