Raise Your Retirement Income Retirees look for ways to convert savings and investments into regular income. One option to consider is an annuity. Share | Related Content Rightsizing for Retirement What does your home really cost? What Is an Annuity? Annuities are versatile tools that can help you save for retirement and generate income in retirement. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.