Types of Annuities and How they Work

Types of Annuities and How they Work

- in Featured, Income, Retirement, Taxes
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The Main Types of Annuities

Generally speaking, there are two basic annuity types, immediate and deferred. The main difference between them is your payout options. With an immediate annuity, you’ll receive payments right away. A deferred annuity will have to wait until a future date to collect your money.

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