What Are the Differences Between Deferred and Immediate Annuities?
Deferred Annuities: A Way to Save Money for Retirement Many people buy annuities because they want their money to grow tax deferred while they are saving for retirement, and they want a guaranteed income stream once they retire. This type of annuity is called a deferred annuity. A deferred annuity contract has two phases—an accumulation […]
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