This month is Annuity Awareness Month and we're closing out this series on Annuities by review some of the basics, pros and cons. There people who think Annuities are a new financial product that hasn't been around very long. And, that is far from the truth. Annuities are one of the oldest financial tools used to pay a lifetime income to workers. Annuities have been around since the Roman Empire. The Romans used to pay their soldiers an "Annua", which was a annual stipend for life. Annuities have been a part of retirement planning, here in America, long enough for the IRS to create a tax publications dedicated to it: Publication 575: Pension and Annuity Income and Publication 939: General Rule for Pensions and Annuities. Listen to this episode, if you're ready to take the first step in overcoming your fear of running out of money in retirement, as we summarize the advantages, disadvantages, why a Annuity may be right for you, and why you may want to add it to your retirement portfolio.
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