What is an Annuity?
An annuity is a financial product that provides a steady income stream, typically used for retirement planning.
Types of Annuities
- Fixed Annuity: Offers guaranteed returns.
- Variable Annuity: Returns vary based on investment performance.
- Immediate Annuity: Starts payments right away.
- Deferred Annuity: Payments begin at a future date.
