Having sources of predictable income during retirement is critical to a person's long-term financial well-being. This session provides a general outline of various types of annuities including immediate and deferred, and fixed and variable. A discussion for whom an annuity may be right for, and an overview of various payment periods are offered. Additional information regarding taxes, expenses and inflation are highlighted. At end of this session, you should have foundational knowledge and understanding of what an annuity is, how it works, and what its benefits are.