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- An annuity fund is the investment portfolio that supplies the return on your premium12. The continuous stream of payments from this fund can act as a form of income in your retirement1. The return depends on whether your annuity is fixed or variable1. An annuity is an insurance contract issued and distributed by financial institutions with the intention of paying out invested funds in a fixed income stream in the future3. The goal of an annuity is to provide a steady stream of income, typically during retirement4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An annuity fund is the investment portfolio that supplies the return on your premium. When the insurance company places your money in the chosen investment, your money earns interest. The return depends on whether your annuity is fixed or variable. The continuous stream of payments from this fund can act as a form of income in your retirement.www.annuity.org/annuities/annuity-fund/The annuity fund is the part of your annuity contract where returns are earned. How your annuity fund works depends on the type of annuity you have. With a fixed annuity, for example, the annuity fund may be part of the company’s larger investment portfolio.smartasset.com/financial-advisor/what-is-an-annuit…The term "annuity" refers to an insurance contract issued and distributed by financial institutions with the intention of paying out invested funds in a fixed income stream in the future. Investors invest in or purchase annuities with monthly premiums or lump-sum payments.www.investopedia.com/terms/a/annuity.aspThe goal of an annuity is to provide a steady stream of income, typically during retirement. Funds accrue on a tax deferred basis and—like 401 (k) contributions—can only be withdrawn without penalty after age 59½.www.investopedia.com/ask/answers/12/what-is-an …
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What Is an Annuity? Definition, Types, and Tax Treatment
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WebDec 14, 2022 · An annuity is an insurance contract that exchanges present contributions for future income payments. Sold by financial …
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WebApr 16, 2024 · At its most basic level, an annuity is a contract between you and an insurance company that shifts a portion of risk away from you and onto the company. There are 2 basic types of annuities: Income …
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WebDec 23, 2022 · The annuity fund is the part of your annuity contract where returns are earned. How your annuity fund works depends on the type of annuity you have. With a fixed annuity, for example, the annuity …
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