Understanding Annuities
(August 2011)
An annuity is a contract that can increase in value and provide a steady income over a long period of time. People often use annuities to build retirement savings. Annuities can also help you save for a child’s education, create a trust fund, or provide for surviving spouse or children.
Annuities are not right for everyone. They typically take years to become profitable, so they’re usually not a good tool for short-term investments. Talk to an accountant, attorney, or trusted financial adviser before buying an annuity.
To learn more about annuities, view the full version of our Understanding Annuities publication or view these fact sheets:
- An Introduction to Annuities
- Is an Annuity Right for You?
- Types of Annuities
- Paying Premiums
- Receiving Payouts
- Administrative Fees and Charges
- Shopping Smart for Annuities
- Replacing an Existing Annuity with a New One
- For More Information or Assistance
For more information contact:
