An annuity is a financial product that provides a steady stream of income for a set period of time or for the rest of your life. Annuities can be a good way to supplement your retirement income, or to provide income for a specific purpose, such as education or healthcare.
There are many different types of annuities available, so it’s important to shop around and compare different options before you buy. Some of the most common types of annuities include:
