Post Tagged with: "annuities"

The False Promises of Annuities and Annuity Calculators

The False Promises of Annuities and Annuity Calculators

An annuity is a financial product sold as a way to collect and grow funds and then later receive those funds as a steady cash flow during retirement. Annuities have many flavors and features that vary this basic principle, but the basic terms you will hear are “deferred or immediate” and “fixed or variable.” Ever-popular annuities sometimes sound too good to be true, which in itself is probably a good reason to avoid them.

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