Webster’s Dictionary defines an annuity as a sum of money payable yearly or at other regular intervals, or a contract or agreement providing for the payment of an annuity.

There are a variety of different annuities, such as variable, fixed, and indexed. Whether an annuity is right for you, and which one may be right for you, depends on a host of different factors, such as your time horizon, your risk orientation, and whatever other investments you have.

We often use annuities to convert at-risk assets into reliable income streams for retirement.

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