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What is an annuity and how does it work?

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What is an annuity and how does it work?

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Annuities work through accumulation and distribution periods. Discover the phases of annuities with tips from a registered financial consultant in this free financial …

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An annuity is a special kind of investment that some people use to create income when they retire. When you buy an annuity, you pay a lump some of money. In return, you get income every month for many years. You can even buy annuities that will pay you income for life.

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