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Annuity 101

If you’re worried about making your savings last throughout your entire retirement and think you may need more income than Social Security provides, you may want to consider purchasing an annuity. With fewer and fewer workers getting pensions, annuities are filling the retirement income gap by allowing you to convert your savings into a stream of income guaranteed to last for the remainder of your lifetime. In addition, some types of annuities offer a safe place for your money to grow, allowing you to avoid the downturns that come with investing in the stock market.

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