Buying a variable annuity that offers a guaranteed lifetime withdrawal benefit, or GLWB, can be a smart decision that assures you of income for life no matter how long you live or how well your ...

Annuity payout methods include annuitization methods, the systematic withdrawal schedule, and the lump-sum payment. The payment method you choose depends on your financial goals, projected ...

Withdrawing money from an annuity can be a costly move, so make sure you review your plan's rules and federal law before you do. If you make withdrawals before you reach age 59 ½ , you will be ...

Interest earned in a deferred annuity (the most popular type) is not taxed until withdrawn. Deferring taxes accelerates savings growth because interest compounds faster without withdrawals needed ...