When planning for retirement, one of the biggest decisions you'll face is how to generate consistent, tax-efficient income. Two common options, annuities and Roth IRAs, serve very different purposes, ...
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At 55, retirement annuities could be an option, but timing, cost and flexibility matter more than you might think.
An annuity is a financial product that provides a stream of income over a set period. Annuities are often used in retirement planning as a way to generate income from a lump sum investment.