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The First Time I Learned About An Annuity: BLOG

June 14, 2017 by Cyril Tuohy

The first time I discovered I had any potential connection to an annuity was about a decade ago when my father spoke to me about either taking a lump sum buyout or annuity payments from his former employer.

My father was retiring. Like millions of people his age, he faced a choice: take the lump sum  and put the money into a mutual fund or invest the proceeds into an annuity and turn on the payment stream for life.

He died on Dec. 31, 2009, at the age of 83, about five years after leaving his job as a foreign correspondent at the Los Angeles Times.

Click HERE to view the full story via INN: subscription required. 

Originally Posted at InsuranceNewsNet on June 12, 2017 by Cyril Tuohy.

Categories: Industry Articles