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Retirement Income Basics: Different Annuity Types

There are generally three types of annuities- 1) fixed, with the goal of paying you a fixed amount based on an interest rate provide for in the contract, 2) indexed, which permits the annuitant to be credited by the insurer for the return of a stock index, such as the S&P 500 Composite Stock Price Index, and 3) variable, which requires the annuitant to engage in market risk, as the variable is a type of tax-deferred annuity contract that allows you to invest your money into sub-accounts.

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Retirement Income Basics: Different Annuity Types

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