I'm thinking about investing in an annuity that will give me income in 10 years. I've read about index annuities with income riders and deferred income annuities. I'm confused about which is better for me. What are the pros and cons of each? Hersh Stern (ImmediateAnnuities.com) 2015-03...
Many annuities charge a CDSC as a percentage of cash value if a contract is terminated before a certain time period. This charge is intended to penalize short-term withdrawals, and encourage investors to treat the annuity as a long-term investment. It also helps to defray the one-time costs...
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