If you are thinking about retirement, you might want to consider a retirement idea that was popular more than 4,000 years ago: Annuities.
The origins of Annuities can be traced back to Roman times, when citizens could make a one-time payment as an “Annual Stipend” to the emperor in exchange for lifetime payments made once a year. During the 17th century, European governments used a similar vehicle to pay for their many wars.
Today, the uses of Annuities are more peaceful – and more complex.
Understanding Annuities, however, can be made easier with a quick review of their essential features and benefits.