So You Own Annuities? Few people are happy with the tax implications, but there is at least one way to avoid being ripped off

摘要

Except in rare instances, you should never buy an annuity. An annuity is an insurance product that pays out income. You buy the annuity, and it eventually makes payments to you at intervals and in amounts that you determine, either for the rest of your life or for a predetermined number of years. Most insurance companies offer a plethora of annuity products, each a bit different, so there are thousands of possibilities. Yet, there are only two basic types of annuities you can buy: immediate or deferred.