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Understanding Annuities

A Special Report from Kiplinger

VIDEO A Guide to Do-It-Yourself Pensions

Is an annuity right for you? Watch our video to learn the ABCs of annuities and how they can provide reliable retirement income.

Buy a Pension With an Immediate Annuity

Annuities have gotten a bad rap among investors -- and for good reason. But there’s one kind of annuity that can be a godsend.

QUIZ Are Annuities Right for You?

Take our ten-question quiz to see how much you know about these products and whether you should purchase them.

Which Type Is Right for You?

Learn about the features of immediate fixed annuities and deferred variable annuities to see which one is the best fit.

An Annuity You Really Should Avoid

Big promises but skimpy returns plague equity-indexed annuities.

Use Annuities to Pay for Long-Term Care

Individuals can now use proceeds from some annuities tax-free to pay premiums for long-term-care insurance.

More from Kiplinger

Think Twice Before Cashing Out Your Annuity

It may be tempting to switch out of an annuity that has lost money over the past several years, but that may be exactly the reason you may want to keep it.

Guaranteed Income at a Steep Price

A reader wonders whether the high fees he pays for his annuity with are worth the cost or whether he should explore a tax-free exchange into another annuity with lower costs.

Variable Annuities With Guarantees Lose Appeal

Many insurers have altered their payout guarantees and raised their fees as a result of the market meltdown.

How Annuities Are Taxed

The rules vary based on the type of annuity and how you take the money.

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