Annuity

Today’s financial landscape is muddled. Determining the best investment options for your needs can be a hassle. Sound decision-making involves being financially educated. And for people looking at annuities, it helps to understand the basics.

What is an annuity? Simply put, an annuity is a contract between you and the insurance carrier providing it. The goal of an annuity is to provide you with a steady income stream in your retirement. It can also be a means of protection – keeping your retirement money safe and intact when market-based investments take a hit. In an annuity contract, you make a lump-sum payment or a series of payments. The annuity gives you certain contractual guarantees. Read More

Are you looking at annuities for an income security option? There’s certainly no shortage of financial advice on them out there. Especially bad financial advice.

And as financial guru Suze Orman notes, it’s a different world. Employers no longer look out for you in your working days – and then offer a pension throughout retirement. Now they ask you to help fund your retirement. Or you may be tasked with funding your retirement entirely on your own.

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