Retirement Planning: Annuities

An annuity is a financial product designed to provide a steady stream of income during retirement. It is a contract between an individual and an insurance company, where the individual pays a lump sum or a series of payments, and in return, the insurance company agrees to pay a regular income for a specified period or for the rest of the individual's life. Here are some steps to take if you're looking to add annuities to your retirement planning portfolio: Read More