Are Annuities a Good Investment?
April 24, 2019 by Selena Maranjian
Annuities are contracts between you and an insurance company. In exchange for a typically large sum of money, the company promises to pay you a lump sum at some point or, more often, a monthly sum. The payments start immediately or at some point in the future and can make your retirement more secure. Annuities are well worth considering as part of your retirement plan.
There’s a lot more to learn before you buy into any annuities, though, including the difference between fixed, deferred, indexed, and variable annuities. Here’s a quick review of what you need to know.