Annuities
Never to early to plan for retirement.
Christopher Primus
11/27/20251 min read
Annuity is up next; this concept is a little in-dept I will split it up into multiple blogposts. The basic Annuity is a contract that lets an annuitant get a payment at a specific interval of time after they have paid a certain amount. Now for the nitty gritty, an Annuity can be organized in multiple ways. For example, the lives of two or more people could be considered in the formation of the contract. The way the gains or losses in the contract are calculated can vary. Used mainly for retirement planning Annuities can provide part of the income for living out healthy years. I recommend talking to a tax adviser and insurance agent to see if this works for your household.
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