Gary Le Mon


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Annuities 101: The Basics

What is a fixed annuity, a variable annuity? Simply put, both a fixed annuity and a variable annuity are amounts payable annually. More specifically, they are contracts offered by insurance companies which allow you to accumulate funds for retirement on a tax-favored basis and then, if you choose, receive a guaranteed income payable for life or for a period certain such as five, ten or twenty years. Usually the payments are... (posted by Gary 5 years 184 days ago.)