You can opt to receive payments for the rest of your life, or for a set number of years. How much you receive depends on whether you opt for a guaranteed payout (fixed annuity) or a payout stream ...

To illustrate the impact age makes, here is an example of a 58-year-old versus a 65-year-old investing R1-million in an ...

You give a lump sum to an insurance company and immediately start drawing monthly income for a fixed number of years or for the rest of your life. The size of your monthly payout is determined by ...

Annuities are finding a place in American retirement portfolios thanks to their ability to provide guaranteed income for life. An annuity is protected, can grow tax deferred and provides peace of ...