What Is The Meaning Of Annuities?

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   David RacichPRO

   Fountain Hills, Arizona

   My Latin may be a bit rusty but annuitas means annuity or yearly, i.e. a yearly or today a systematic payout over time. Annuities are generally purchased for income later in life. Annuities in the U.S. have tax deferred treatment and can even be annuitized over your life time.

   Answered on July 21, 2013

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