Education Library

Learn About Annuities

Clear, unbiased articles on annuity strategies, tax planning, and product comparisons — written by licensed professionals to help you make confident retirement decisions.

29 articles 5 categories

Strategies

Proven approaches to maximize your retirement income with annuities.

Tax & Exchange

Tax-efficient strategies including 1035 exchanges and tax-deferred growth.

Comparisons

Side-by-side comparisons to help you choose the right financial product.

Comparisons

Annuities vs. Life Insurance: Key Differences & When You Need Each

Life insurance protects against dying too soon. An annuity protects against living too long. They solve opposite problems — and most...

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Comparisons

Annuities vs. Trusts: Key Differences, Tax Rules & When to Use Both

Both tools can protect assets and provide for heirs — but they work through entirely different mechanisms. Here's how to understand each...

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Comparisons

Annuity vs. 401(k): How They Compare & Why You Need Both

These are not competitors — they solve different problems. Here's what each does well, where each falls short, and how they work together...

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Comparisons

Annuity vs. CD: An Honest Side-by-Side Comparison

Both annuities and CDs offer guaranteed rates on your savings. But the similarities end there. They differ in tax treatment, insurance...

9 min read Read article
Comparisons

Annuity vs. Mutual Fund: Key Differences in Taxes, Risk & Retirement Income

A fixed annuity and a mutual fund are not interchangeable — they're designed for different jobs. Here's a clear comparison of what each...

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Comparisons

Annuity vs. Pension: Key Differences & How to Use Both in Retirement

Both provide guaranteed lifetime income — but they work through entirely different structures. Here's how to evaluate each and how they can...

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Comparisons

Pros and Cons of IRAs: Traditional, Roth, SEP & SIMPLE Explained

IRAs are the most widely used tax-advantaged savings vehicle in the U.S. — but the rules differ significantly by type, and the advantages...

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Reference

Essential reference material for understanding annuity fundamentals.

Reference

5 Types of Social Security Benefits: Eligibility, Payments & How They Interact

Social Security is five distinct programs, not one. Understanding each — and how they interact — can make a significant difference in...

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Reference

Annuities and Divorce: How They're Divided and the Tax Consequences

Dividing an annuity in divorce is more complex than splitting a bank account. The decisions made during the settlement have long-term tax...

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Reference

Annuity Loans: Can You Borrow Against an Annuity?

The answer depends on your annuity type and how it's funded. Here's what the options actually look like — and what each one costs.

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Reference

Annuity Payout Options: Life Only, Joint & Survivor, Period-Certain & More

The payout option you choose determines how much you receive, how long it lasts, and what passes to heirs. Most elections are irrevocable —...

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Reference

Annuity Riders Explained: COLA, GLWB, and More

Riders can transform an annuity from a simple contract into a customized retirement tool — or add cost without value. Here's what each...

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Reference

Average Retirement Income by State (2025): What Retirees Actually Earn

The national median retirement income is approximately $29,000 per year — less than half of what the average retiree spends. Here's how...

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Reference

Average Social Security Benefit 2025: How It's Calculated & How to Maximize It

The average retired worker receives about $1,907/month from Social Security in 2025 — but claiming decisions can raise or lower that by...

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Reference

Best States to Retire in 2025–2026: 5 Major Rankings Compared

Wyoming, Florida, New Hampshire — every ranking tells a different story. Here's what the five major 2025–2026 studies actually say, why...

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Reference

GMWB Annuity Riders: How They Work, What They Cost & How They Compare to GLWBs

A GMWB guarantees minimum withdrawals even if your annuity account depletes — but it's not the same as a lifetime income guarantee. Here's...

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Reference

How Annuities Work: Accumulation, Payouts, Fees & Taxes Explained

A practical guide to annuity mechanics — what the two phases mean, how each type grows, what you pay in fees, how income is taxed, and how...

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Reference

How to Evaluate a Financial Advisor Before You Hire One

Choosing the right retirement income advisor is one of the highest-value decisions you can make — and one of the easiest to get wrong....

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Reference

Present Value and Future Value of an Annuity

These two formulas are how carriers price every annuity they sell. Understanding them puts you in a much stronger position to evaluate...

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Reference

The ABCs of Annuities: Types, Benefits, Risks, and How They Work

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Reference

What “Guaranteed” Really Means: The Company Behind Your Annuity

Every annuity guarantee — your rate, your income, your death benefit — is a promise from an insurance company. That promise is only as...

10 min read Read article

Glossary

Key terms and definitions every annuity buyer should know.