FILE – This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When you purchase an immediate annuity, you’re paying a lump sum now in exchange for a stream of payments over a fixed period or for your lifetime. That money can round out your retirement cash flow plan, along with Social Security, retirement plan withdrawals, other investments and a pension if you have one. They’re particularly attractive now, because payouts are the highest seen in a decade. But the decision can’t be undone, so take time to research and choose. The […]
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