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A variable annuity can provide you with more retirement income, since its payouts rise with the stock market
1 month ago | By Business Insider
Summary List Placement An annuity is a little like a self-funded pension: You pay an insurance company a lump sum now and, in exchange, the insurance company pays you back later, in steady installments - with interest.
How much interest do they pay? That depends on the type of annuity. If it's a variable annuity, the interest rates are, well, variable: The size of your payouts is tied to the performance of the stock market, the bond market, or whatever sort of investments you picked to put your original lump sum in.
So it adds an investing component to your annuity account. That can mean...
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