When you are planning
your retirement, one thing you’ve considered is an annuity. An annuity is a
type of investment wherein you can pay a certain amount of money now so that
down the road, when you retire, you can get a regular stream of income through annuity
payments. However, life is not always steady. Sometimes, things happen and we
may not be prepared. For this life changing events, like having kids or getting
sick or even emergencies like losing your loved one or your home, you may need cash now. That’s why most people sell
their annuity, so they don’t have to wait to get their money.
Annuities are great
investment vehicles, especially if you’ve already maxed out your contributions
for your retirement accounts. With an annuity, you contribute any amount to a
fund, and in a few years, you’ll get a set amount over a period of time. So, that’s
why many people use annuities as an additional investment for their money. Many
people find that this is a great way to supplement retirement income. However,
some people realize that they’d rather have a large lump sum of cash now. In
such cases, it would be prudent to sell annuity payments to a company who
specializes in such things
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