Annuities
8 months ago
What is an annuity and how does it work - ELI5 for someone who knows nothing
117
My financial advisor mentioned I should consider an annuity as part of my retirement plan. I nodded like I understood but I have no idea what an annuity actually is. Can someone explain it from scratch? How is it different from a savings account? Why would an insurance company offer guaranteed income?
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