An immediate annuity begins paying out income shortly after purchase, while a deferred annuity accumulates your savings over time, with… Read More »What is the difference between an immediate and a deferred annuity?
Choosing the right annuity depends on your individual financial goals, risk tolerance, and retirement plans. Consider factors like your desired… Read More »How do I choose the right annuity for me?
Most annuities have a death benefit. The specific details vary depending on the contract, but generally, your beneficiaries will receive… Read More »What happens to my annuity if I die?
You can often access your money before retirement through withdrawals or surrenders, but there may be penalties, such as surrender… Read More »Can I access my money before retirement?
Annuities can have various fees, including surrender charges (for early withdrawals), administrative fees, mortality and expense risk charges (for variable… Read More »What are the fees associated with annuities?