Annuities

An annuity is a financial product that provides a series of payments made at equal intervals. Typically used as a means of securing a steady income stream during retirement, annuities can be structured in various ways, including fixed, indexed, or variable. They are often purchased through insurance companies and can offer tax-deferred growth, making them an attractive option for long-term financial planning. Understanding the different types of annuities can help individuals make informed decisions that align with their financial goals.