Learn what annuities are, how fixed, variable, indexed, immediate, and deferred annuities work, and how they can help provide steady retirement income.

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Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale financial ...

The two main types of annuities are "fixed" and "variable." Fixed annuities pay interest rates comparable to bank CDs in the accumulation phase, while during the payout phase, or annuitization, the ...