Turn savings into a retirement-income plan

Annuities

Insurance contracts that can provide tax-deferred accumulation, principal-protection features, or a stream of income—depending on the contract selected.

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Best considered forPeople seeking predictable income, protection from market loss, or a clearer role for a portion of retirement assets.

Fixed and indexed options

Income-rider choices

Tax-deferred accumulation

Beneficiary provisions

Surrender-period review

Understand before you decide

Clear mechanics.
Visible tradeoffs.

No product wins in every situation. These are the questions that determine whether this strategy belongs in your plan.

What problem can an annuity solve?

Annuities can transfer certain risks to an insurer, such as longevity risk or direct market-loss risk. The tradeoff may include limited liquidity, contract charges, and caps on upside.

What should be compared?

Compare guarantees, crediting methods, surrender schedules, income-rider costs, withdrawal provisions, financial strength, and how the contract fits with Social Security and other assets.

Are annuities liquid?

Most allow limited annual withdrawals, but larger withdrawals during the surrender period may incur charges and tax consequences. Emergency reserves should generally remain outside the contract.

Annuity guarantees depend on the claims-paying ability of the issuing insurer. Withdrawals may be taxable and may incur surrender charges.

Keep learning

See the complete annuities and retirement income answer hub.

A practical guide to fixed and indexed annuities, income options, surrender periods, liquidity, taxes, guarantees, and the role an annuity may play in retirement.

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