They can be a secure way to avoid outliving assets—but watch out for fees ...
What is an annuity, anyway? The National Council on Aging describes annuities as “investment options that can provide a guaranteed income for an individual or their spouse throughout their retirement.
Annuities are back in fashion among retirees amid high inflation and pension reforms. Sales of annuities worth more than £250,000 rose by 31% in 2025, said the Association of British Insurers (ABI), ...