Annuity purchases are on the rise as retirees shelter themselves from rising bills and inheritance tax changes ...

They can be a secure way to avoid outliving assets—but watch out for fees ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But if you've started exploring your annuity options, you've likely run ...

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