"When you think about retirees of the past, many had pension plans from their employers and, through that, a guaranteed income stream," Elle Switzer, director of annuity product management with ...

Investing in a $400,000 annuity can provide a steady income stream in retirement, but how much you'll receive depends on various factors. Here's a comprehensive breakdown of what you can expect and ...

The specific formula varies depending on the type of annuity, but in general, it involves dividing the principal amount by a factor that incorporates the interest rate and the frequency of payments.