Create a Retirement Paycheck With an Annuity.

This article provides an overview of annuities, which are insurance contracts that can provide a steady income in retirement. It explains how annuities work and the different types available, including fixed, variable, and deferred annuities. The article discusses the benefits of annuities, such as guaranteed income and tax-deferred growth, as well as the drawbacks, such as surrender charges and limited liquidity. It offers guidance on when annuities may be a good choice and factors to consider, such as life expectancy and investment risk tolerance. The article concludes by suggesting where to seek advice and compare annuity options. [Extracted from the article]

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