Retirement Annuities (2026)
How annuities turn part of your savings into guaranteed income you can't outlive, and what that looks like in your state.
What a retirement annuity does
A retirement annuity is a contract with an insurance company: you deposit a portion of your savings, and the insurer pays guaranteed income for a set period or for the rest of your life. Together with Social Security and any pension, that creates an income floor that covers essentials no matter what markets do. The rest of your portfolio stays invested for growth and flexibility.
State rules matter: how your income is taxed, which carriers are licensed, and the guaranty association that stands behind your contract all differ by state. Pick your state below for the specifics.
Retirement Annuities by State
State taxes, carrier availability, and guaranty protection differ by state. Find the planning guide for yours.