What Is an Annuity? | Definition, Costs, Types, Pros, & Cons
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financestrategists.com
What Is an Annuity? | Definition, Costs, Types, Pros, & Cons
To define annuity, it is a financial product offered by insurance companies designed to pay a stream of income in the future, usually after retirement. Annuities are one of many financial products designed to offer an income to retirees, including IRAs, 401(k)s, pensions and social security.
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