Many annuity companies have relatively low minimum premiums, often as low as $2,500 to $5,000 for some types of fixed annuities and around $10,000 to $15,000 for variable annuities.

Annuities are now an option in some 401(k)s, but that doesn't mean they should be included in your retirement plan. Newsletter sign up Newsletter When you purchase through links on our site, we ...