Annuities
$5 Words: And yet more terms to know and love.
Annuities. What comes to mind? Gramps rocking slowly on the porch. Bubbie surrounded by her photos of A-list celebrities posing next to her and a bottle of The Sauce. Is there a common thread here? Yes: annuities tend to involve older people.
Why? Because annuities provide supplemental retirement income. The concept is simple: you pay money to X, the...
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