The Secret to Annuities? What the Heck Are They?
If you’re hoping to diversify your retirement portfolio and have more peace of mind throughout retirement, you may consider purchasing an annuity. But, to make sure that this is the right financial more, let’s break down what the heck annuities are and how they work. What is an annuity?“The word annuity is derived from the Latin, annus, or year, and the Latin, annuitus,” explains Daniel Cotter, the Attorney on record for Due. “The reason for this is because annuities are investments that entitle the holder to equal annual payments.” “Annuities are contracts that a financial institution (primar...