The First Time I Learned About An Annuity: BLOG
June 14, 2017 by Cyril Tuohy
The first time I discovered I had any potential connection to an annuity was about a decade ago when my father spoke to me about either taking a lump sum buyout or annuity payments from his former employer.
My father was retiring. Like millions of people his age, he faced a choice: take the lump sum and put the money into a mutual fund or invest the proceeds into an annuity and turn on the payment stream for life.
He died on Dec. 31, 2009, at the age of 83, about five years after leaving his job as a foreign correspondent at the Los Angeles Times.
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