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1. >Income Annuities

Income annuities are a way to receive money on a regular basis rather than in a lump sum. Many people who receive a cash settlement of some sort will invest those proceeds into an annuity and receive regular payments over a specified period of time. These investment vehicles?are popular with retirees or those nearing retirement. The up-front income is invested in both fixed or variable instruments, or a combination thereof. With annuities that are backed by variable investment instruments, the payments can fluctuate based on the performance of the underlying investments. For this reason,...