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Thinking about buying an annuity for retirement? Learn how with this complete guide covering types, benefits, risks, and smart buying steps.
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Someone who buys one at 65 and lives into their 90s could easily come out ahead compared to someone who tries to manage a lump sum themselves. That said, annuities do come with trade-offs.
A $50,000 annuity can offer reliable monthly income at age 65, but how much you'll get depends on a few factors.
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