For state employees, the promise of a stable retirement rests significantly on their pension plans. Often, these pensions include an integral component known as an annuity, which guarantees income for life after retirement. Understanding how annuities function within state pensions is crucial for employees planning their post-work lives. The Structure of State Employee Pensions State […]
Equity Indexed Annuity
What is an Equity Index Annuity and How Does it Work? An equity-indexed annuity is a fixed annuity where the rate of interest is directly linked to the returns of the stock index. An example of one of these stocks is S&P 500. Equity-index annuities may appeal to moderately conservative investors, as it is a […]
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