Thinking about turning your 401(k) into guaranteed income? Experts explain when rolling it into an annuity makes sense — and the risks to know first.

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

An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.

Find out why half of financial advisors are turning to annuities—and what that means for your retirement, income strategy and ...