A financial product that provides a steady stream of income in retirement, typically purchased with a lump sum payment. Annuities can be fixed or variable, and can guarantee a certain level of income for life or for a set period of time.
A financial product that provides a steady stream of income in retirement, typically purchased with a lump sum payment. Annuities can be fixed or variable, and can guarantee a certain level of income for life or for a set period of time.