A single premium deferred annuity is a financial tool you can use to plan for retirement. It offer you guaranteed income, beginning at a date you specify, along with tax-deferred growth on your investment. If you’re considering this annuity for your retirement plan, here are the most important things you need to know.
Single Premium Deferred Annuity Explained
Understanding what a single premium deferred annuity is and how it works begins with understanding how you fund annuities. With some annuities , you pay the premiums in multiple installments. Others take one lump sum premium up front when you purchase […]
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