When building a retirement portfolio, you have many options to choose from. Stocks, bonds, mutual funds and exchange-traded funds (ETFs) can all be part of a basket of investments that will help you make sure you’re able to take care of yourself once you are done working. Annuities are a bit more complex than some other investments, but they provide guaranteed retirement income that can come in very handy in your retirement plan. It isn’t always easy to know exactly what an annuity will pay, though, so here let’s take a look at what a $100,000 fixed annuity will pay each month in your retirement.
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What Is an Annuity?
An annuity is a financial contract between you and an…
