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But annuities have several pros and cons to consider before investing your retirement funds there. How an annuity works When you purchase an annuity , you hand over a lump sum of money or a series ...
Investing in an annuity can provide a larger return than other types of financial products — as long as it’s the right annuity. For example, the average rate for a 60-month CD was only 1.40% ...
Not everyone needs an annuity, and depending on your situation, an annuity could be a bad investment. Suitability generally depends on factors such as your age, income needs and financial goals.
Pros. Cons. Can provide money management assistance in retirement. Higher fees and commissions than other financial products or investments come with annuities.
Even though annuities can be a confusing investment, there are many situations where they can be the right move, since you’re trading in a lump sum today for guaranteed income payments in the ...
A variable annuity lets you choose how to invest the money you put into the account. These investments typically involve mutual funds, and the rate of return depends on the performance of the funds.
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