At 55, retirement annuities could be an option, but timing, cost and flexibility matter more than you might think.

When planning for retirement, one of the biggest decisions you'll face is how to generate consistent, tax-efficient income. Two common options, annuities and Roth IRAs, serve very different purposes, ...

This seemingly small difference in timing can impact the future value of an annuity because of the time value of money. Money received earlier allows it more time to earn interest, potentially leading ...