Suze School: Understanding Annuities
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
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The Pros and Cons of Annuities
An annuity is a contract with an insurance company where you are usually the insured known as the annuitant. There are different varieties of annuities which I tend to absolutely love in many circumstances. A non-qualified annuity is an annuity that you have funded with money that you have already paid taxes on. Most annuities pay a very hefty commission to the financial advisor who is selling you that annuity.
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