Articles Tagged ‘what is an annuity’

What is an Annuity?
Friday, February 15th, 2013
What is an AnnuityThere are many different types of financial products an individual can use to accumulate wealth to use during their retirement. IRAs, 401(k)s and traditional brokerage investing accounts usually comprise the backbone of most individuals’ retirement savings plans. But this is not a complete list of options that are available. One lesser known retirement savings product is the annuity. Annuity Basics. Unlike investing in stocks or mutual funds or bonds, an annuity is actually a contract between an individual and a life insurance company. The basic structure of an annuity contract is for the individual to make one or more payments...

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