5/9/2013

There is no one-size-fits-all approach to annuities, but this guide breaks down the needs of consumers and discusses the ways different types of annuities can meet them. For example, consumers who are looking for a steady income stream may benefit most from an immediate annuity, while those who are looking to receive a guaranteed rate of return and to preserve their principal are probably a good match for a deferred annuity. This article also discusses income tax deferral, guaranteed payments in case of death and more.

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