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retirement annuity

No matter how much you love your job, you've probably figured out it's not likely you'll be able to work forever - nor would you probably want to. And smart people plan for the future today.

This is where retirement annuities come in. A retirement annuity is a great way to ensure that the saving you invest today will pay off tomorrow. Many rollover their pensions or 401K plans into retirement annuities. Others make regular payments into plans, which will ensure that they live in relative comfort when they stop working.

However, most retirement-oriented annuities have strict contracts. In order to access your fund, you often have to be between the age of 55 and 70 - even if you make enough money to retire at 45 or love your job so much, you want to work until you're 75. Also, though you are free to choose how much you invest into your fund, many annuity contracts do have minimums.

But the benefits of buying into a retirement annuity are multiple. It's like having a pension without that hassle of a boss. You'll also enjoy substantial tax savings and the ability to sleep better at night knowing that your future is safe and secure.

 

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