Chapter 49. Steve’s annuity rules, part two

 

“Many receive advice, only the wise profit from it.”

 
 --Publilius Syrus

Personal finances are complicated. However, knowing certain basic rules can go a long way toward simplifying the process and making your decisions easier. Here are more rules to help you understand some basic truths about annuities.

Rule nineteen—Consider a lifetime payout annuity option if your family is one with longevity.

Rule twenty—Every added feature of an annuity comes at a price. Make sure you understand the cost to you of any “bells and whistles” contained ...

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