A single-premium immediate annuity (SPIA) is the simplest and ... When interest rates are higher, fixed annuities can be a more attractive option. They tend to earn slightly better rates than ...

Alternatively, you could buy a five-year fixed-rate deferred annuity — which offers a set ... So, you need to determine how and why a particular SPIA will meet your financial goals better ...

can purchase a SPIA with a period certain of five or eight years to act as a bridge until they begin claiming Social Security benefits. Like fixed annuities, SPIAs tend to be a straightforward ...

As part of any retirement planning scenario, you will look at all the options available. Whether this is maintaining a ...

With a lifetime income SPIA, an optional cash-refund feature ... You could simply buy a 10-year fixed-rate annuity yielding 5.20%. A fixed-rate annuity acts much like a bank CD: You deposit ...

Total 2024 annuity sales were up 12% over 2023, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.

When you exchange a lump sum of money within your IRA for a single premium immediate annuity ... But keep in mind that the fixed payment you receive from the annuity may not be enough to cover ...

The primary types of annuities are fixed, which guarantees a fixed interest rate; variable where returns fluctuate with the market; and indexed where returns are dependent on the behavior of an ...

The best case for most people in this situation who want stable lifetime income is a single premium immediate annuity ... look to a Fixed Indexed Annuity for the future. This tax-deferred ...

Overall, annuity sales are up 70 percent since 2014, Limra reports. No-frills fixed annuities with a three-year guaranteed interest rate — akin to a certificate of deposit (CD) — are offering ...