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Exactly what is an annuity?
An annuity is a contract with a certified, audited and regulated insurer to supervise your cash and pay it back to you with interest in among 3 methods:
Annuities resemble mutual funds or bank CDs in the sense that you are putting funds with a certified trustee. They vary significantly from mutual funds and CDs by virtue of that an annuity can be utilized to develop ensured life time earnings for 2 partners, just like a pension from work.
An annuity is not a market-traded property likes stocks and mutual funds. Annuities are agreements for particular efficiency, which is a significant advantage to retired people.
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Annuities are comparable to mutual funds or bank CDs in the sense that you are putting funds with a certified trustee. An annuity is not a market-traded property likes stocks and mutual funds.
Summary
Annuities are comparable to mutual funds or bank CDs in the sense that you are putting funds with a certified trustee. An annuity is not a market-traded possession likes stocks and mutual funds.