Annuity – A Good Form of Investment

Annuities are a type of contracts in the form of retirement savings that are sold by the life insurance companies. The advantage of annuities is they offer tax-deferred growth on your savings outside the qualified retirement plans like 401(k) accounts and individual retirement arrangements.  An individual who is saving for his or her retirement can invest any amount in an annuity and let that money grow until it is time for the plan to provide retirement benefits. The three fundamental types of annuities are fixed annuity, fixed index or equity index…

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