Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

An immediate annuity is a financial product sold by insurance companies that allows you to convert a lump sum of money into a stream of guaranteed income payments. Most people who purchase immediate ...

With an annuity, you don't have the same kind of flexibility as with a 401(k) or IRA held at a brokerage firm. Liquidity is limited and early withdrawals can trigger surrender charges. Other ...

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. Combining annuities with IRAs or 401(k)s can be powerful. Annuities ...

An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment. However, ...

An annuity offers a stream of cash flow and the safety that you won’t outlive your income during retirement. Annuities are a popular retirement strategy, and you can buy them from an insurance company ...