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  1. Mar 17, 2024 · Annuities are insurance contracts that provide a guaranteed income stream for retirees. Learn about the different types of annuities, their benefits, drawbacks, and tax implications.

    • Julia Kagan
    • 2 min
  2. Learn the basics of annuities, how to decide if they are right for you, and how to shop for them. This article is from the book Annuities For Dummies by Kerry Pechter, a financial journalist and editor.

    • What is an annuity? An annuity is a contract between you and an insurance company to cover specific goals, such as principal protection, lifetime income, legacy planning or long-term care costs.
    • Why buy an annuity? You buy an annuity because it does what no other investment can do: "provide guaranteed income for the rest of your life no matter how long you live," says Walter Updegrave, editor of realdealretirement.com, a site offering retirement planning advice.
    • How does an annuity work? An annuity works by transferring risk from the owner, called the annuitant, to the insurance company. Like other types of insurance, you pay the annuity company premiums to bear this risk.
    • What is the difference between annuities and life insurance? "While both life insurance and annuities are issued by the insurance companies, they serve opposite purposes," says Ken Nuss, founder and CEO of AnnuityAdvantage, an online annuity marketplace.
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  4. Apr 16, 2024 · Annuities are contracts between you and an insurance company that shift a portion of risk away from you and onto the company. They can help you grow retirement savings, manage market volatility, and provide income in retirement. Learn how they work, how to choose them, and how to access them.

  5. Dec 21, 2022 · An annuity is a financial contract that provides a stream of payments later in return for an investment now. Annuities may be in retirement, estate or tax plans.

  6. Jun 7, 2023 · Learn the basics of annuities, a type of contract that provides income during retirement. Compare different types of annuities, such as fixed, variable and indexed, and how to buy them.

  7. Apr 14, 2024 · Annuities are insurance contracts that promise to pay you regular income in exchange for a lump-sum or series of payments. Learn about the different types of annuities, their advantages and disadvantages, and how they are taxed.

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