What You May Need to Know about Annuities
Annuities: You’ve probably heard of them before and some of you might be quite familiar with annuities as a retirement income option.
Because they can be confusing and have many different options, it can help to have some information that simplifies the concept of an annuity.
First of all, what is an annuity? An annuity is an insurance product you can purchase that may promise a certain level of income for life. Some reasons people purchase annuities are to generate lifetime income, grow tax-deferred retirement savings, and provide a legacy for their heirs.
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