1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Annuities are good for providing an income stream during retirement. They also are a good way to put away a lot of money in a tax deferred vehicle because there is no annual contribution limit for an annuity.

    Annuities can also be used to save for a child or grandchild's education, create a trust fund, or provide income to your spouse or children after death. Talk to a financial advisor with experience in annuities to see how fixed annuities or indexed annuities can work for you. 
    Answered on May 17, 2013
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