Financial independence is a common goal among retirement planners. Learn the basics of annuities by starting with the difference between immediate and deferred.
An annuity may not be for everyone. But, for many who are worried about the possibility of outliving their retirement, it can be the perfect solution.
Annuities can provide a steady stream of income throughout retirement, alleviating the stress that you might outlive your funds. But, what exactly are annuities?