investing






 

Question by  psvarthy (17)

What are annuities?

 
+6

Answer by  km8738 (1917)

They are retirement investments which defer compensation over time. There are several different types, but they are designed to allow you to reduce some risk of death too soon or too late after retirement. Some allow you to pass on benefits to surviving family.

 
+6

Answer by  timeismoney (994)

Annuities are a type of insurance. You pay fees at the time of deposit, and, in exchange, there is a guaranteed account balance, no matter what happens with underlying investments.

 
+5

Answer by  joantheresa (1421)

Annuities are insurance policies that are set up to start paying you a designated amount after so many years, which you determine when you take out the annuity.

 
+4

Answer by  tamarawilhite (17883)

Annuities are when you invest a chunk of money, usually at least 25,000. In return, you get a set payment rate back. You lock in a rate of return.

 
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