To protect their finances, many people consider buying long-term-care insurance (LTCI) to pay for long term care. A newer type of annuity lets you buy LTCI while protecting your assets.

A term deferred annuity is one that eventually turns your balance into a set number of payments, like over five years or 20 years. If you die during the term, the payments continue to your heirs.

An annuity is a way to achieve lifetime income in retirement, but you need to understand how this product works before making ...

High annuity rates can look attractive, particularly when other income investments pay so little right now. Before you commit to a long-term annuity contract, though, make sure you understand all ...

If you’re trying to decide between an annuity vs. a CD, here’s how they compare. Low-risk savings products can play an important role in helping you meet your long-term financial goals.

The formula for the future value of an ordinary annuity is F = P * ([1 + I]^N - 1 )/I, where P is the payment amount. I is equal to the interest (discount) rate.

Present value describes the annuity in today's dollars. As an example, if a client promised you five annual payments of $10,000 each, the total $50,000 in payments would be worth less in present ...

Timing your annuity purchase right can make a big difference. Here's how to decide when it makes sense for you.

In this Ask the Hammer, a reader asked: My financial advisor is encouraging me to invest in an annuity inside my IRA. Any pros and cons to that advice?