Annuities are financial products designed to mitigate the risk of outliving your savings by providing guaranteed lifetime income. Ideal for individuals approaching or in retirement, annuities offer tax-deferred growth, ensuring your investments are not only secure but also potentially more lucrative than traditional savings accounts. With options like income annuities and deferred annuities, you can tailor your retirement planning to meet specific income needs, whether immediate or future-oriented. Annuities also provide the flexibility to use funds for various personal expenses, enhancing your financial stability in retirement.
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