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Annuities are a contract you purchase from an insurance company

They allow you to convert a portion of your retirement savings into a guaranteed stream of retirement income Many retirees’ goal is to maintain—or even enhance—the standard of living they’re used to in retirement, annuities may be a part of a strategy. Deferred annuities are popular among those planning for retirement. Thinking about buying an annuity for retirement Learn how with this complete guide covering types, benefits, risks, and smart buying steps.

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