After years of hard work and success, the focus shifts from accumulating wealth to intelligently distributing it in ...

The number of Americans living to 100 is expected to quadruple by 2054, yet most retirement plans aren't built for longer ...

"You have to be able to plan for retirement that will last for potentially 30 years," says Rita Assaf, vice president of ...

Most registered retirement savings plans are eventually converted to registered retirement income funds. Here’s what to know ...

For guaranteed peace of mind, consider a life annuity. Life expectancy: A life annuity protects against outliving your funds, which is especially important for those with a family history of ...

For example, a joint life annuity for a couple purchased at age 60 would pay out an average of $1,315 per month right now — over $100 less than it would otherwise pay on a single policy for a ...

A 65-year-old woman, who statistically has a longer life expectancy, would receive slightly less — around $6,568 per month on a $1 million annuity.

If you have a deferred annuity and attempt to withdraw after you turn 40 and before you turn 59.5, you‘ll have to pay a 10% IRS penalty plus taxes. If you look to pull the money out after you ...

Over half your annuity income is exempt from income tax. But based on a 91-year life expectancy, 39.7% is the actuarial fair value.

The variation in payouts comes down to life expectancy. The older you are when you purchase the annuity, the higher the payments will be, since the insurer anticipates a shorter payout period ...

The way you structure your annuity payments also plays a big role. Opting for a joint-life contract, which ensures payments continue to a spouse after your death, often means a smaller monthly ...

As per the CDC, the average life expectancy in the United States is 77.5 years. For males, this equates to 74.8 years; for females, it equates to 80.2 years. Even though th ...