An annuity is a legally binding contract between you and the issuing company that provides lifetime income, tax advantages and other benefits Laurie Sepulveda is a MarketWatch Guides team senior ...
What is an annuity rate? Buying an annuity involves converting your retirement savings into a guaranteed income. Annuity rates determine how much income you'll get. For example, if you have a pension ...
MTStock Studio / Getty Images A tax-sheltered annuity (TSA), or 403(b) plan, is a type of investment vehicle that lets an employee make pretax contributions into a retirement account from income.