How Long is the Accumulation Period for Immediate Annuities? Your Retirement Income Guide
Planning for a secure retirement involves navigating a complex financial landscape. One key decision is choosing between immediate and deferred annuities—and understanding the crucial difference in their accumulation periods. This guide clarifies the process, empowering you to make informed decisions about your retirement income. Understanding Annuity Accumulation Periods Annuities, contracts between you and an insurance company, provide a steady stream of income. The "accumulation period" is the time your money grows before you start receiving payments....