| Annuities The term “annuity” derives from a Latin term meaning “annual” and generally refers to any circumstance where principal and interest are liquidated through a series of regular payments made over a period of time. A “deferred” annuity is an annuity in which both the income, and any taxes due on growth inside the contract, are pushed into the future, until they are actually received by the owner. Here is a broad overview of annuities, and some discussion. |
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