Annuities Made Simple
Posted in Retirement | Tuesday, June 30th, 2009The term “annuities” confuses people because it really has two different meanings. Formally defined, an annuity is a yearly payment made to an investor, usually on a monthly basis. However, in the world of investments, the word refers to a tax-deferred investment called a tax-deferred annuity, or simply a retirement annuity.
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