David Rodeck specializes in making insurance, investing, and financial planning understandable for readers. He has written for publications like AARP and Forbes Advisor, as well as major corporations ...

Whether you’re a seasoned investor or just getting your feet wet, there’s a good chance that you’ve heard of an annuity. This financial product doles out regular payments for a set amount of time to ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

A single premium immediate annuity (SPIA) is one of the simplest types of annuity contracts. With a SPIA, you make a single large deposit with an annuity company and your monthly payments begin ...

How would you like your SPIA rate of return calculated? Depending on your annuity company, you may be able to choose a fixed or variable rate based on market conditions. Basing SPIA returns on the ...