In the world of finance, an annuity is a contract between you and a life insurance company in which you give the company a lump sum or series of payments, and in return, the insurer promises to ...

Picture this: You're booking a trip to Europe and see two options — 60,000 miles for a round-trip flight or $650 in cash. Which do you choose? Without crunching the numbers, it's just a guess. That's ...