What are annuities and how do they work?
If you are wondering “what is an annuity?”, it’s likely that this tax-deferred accumulation vehicle has been recommended to you by a friend or financial professional. Annuities can be a complex subject because there are multiple types and varieties, including variable annuities, fixed annuities, fixed-indexed annuities, immediate annuities, and deferred annuities. In short, an annuity …