Explain Annuities and its kind
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There are two basic types of annuities: deferred and immediate. With a deferred annuity, your money is invested for a period of time until you are ready to begin taking withdrawals, typically in retirement. ... The deferred annuity accumulates money while the immediate annuity pays out.
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There are two basic types of annuities: deferred and immediate. With a deferred annuity, your money is invested for a period of time until you are ready to begin taking withdrawals, typically in retirement. ... The deferred annuity accumulates money while the immediate annuity pays out.
Step-by-step explanation:
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