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Many annuity companies have relatively low minimum premiums, often as low as $2,500 to $5,000 for some types of fixed annuities and around $10,000 to $15,000 for variable annuities.
2. Variable annuity. A variable annuity allows you to get a payout that may grow over time by investing your money in various mutual funds or other funds that hold stocks, bonds and other assets ...
Fees: The fees associated with a variable annuity are higher than most annuities — and even other financial products — due to the underlying investments and more intricate contracts. You might ...
At its core, a variable annuity is designed to provide a steady stream of income during retirement. But these financial products are more complex, costlier and riskier than other types of annuities .
Variable annuity: You can get bigger future payments depending on whether the annuity fund does well, or smaller payments if it doesn’t. It’s riskier than a fixed annuity but can have a higher ...
An annuity can help you save for retirement and has favorable tax benefits. Experts caution that annuities can be complex and risky, carry high fees and are difficult to cancel.
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