Annuity is an insurance product that pays you, and can be used as part of an exit strategy. Annuities In Louisiana are a popular choice for investors seeking a steady income stream in retirement.
Here's how annuity works: You make an investment annuity, and then make payments to you in a future date or range of dates. The income you receive from the annuity will be provided monthly, quarterly, annually or even a lump sum payment.
While annuities can be useful retirement planning tool, they can also be a bad investment option for some people because of their infamous high costs. Financial planners and insurance salesmen often try to elderly or others to send in stages retirement annuities. Anyone with annuity should investigate it thoroughly considered, before deciding whether it is appropriate investment for someone in his situation.
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