A: An annuity is a contract with an insurance company. In the most basic annuity type, income annuities, you give the ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

Rolling your 401 (k) into an annuity might sound like a safe, conservative move, but it can be risky if you don’t think it through. It can give you guaranteed income and protect against running out of ...

When planning for retirement, one of the biggest decisions you'll face is how to generate consistent, tax-efficient income.

The IRS uses required minimum distributions to ensure people take money out of their traditional retirement accounts as they get older. The agency has to collect tax revenue, but beyond that reason, ...