Annuities are financial products that could help provide steady income in retirement. But an annuity can be a complex creature. Here’s an overview of how annuities work, their pros and cons, and how annuities compare with IRAs. What is an annuity? An annuity is a long-term financial contract that can provide you with a stream...
The article Annuities: What They Are and How They Work originally appeared on NerdWallet.
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