When you invest in an annuity you are investing in an insurance product that will provide you cash payments later. Annuities are an option that some people choose to include in their retirement planning due to the fact that an annuity will provide them with a cash flow. How the Annuity Works The annuity works something like an insurance policy, but it is really an investment. Typically you pay a lump sum of money at the time of the investment. In some cases, you may make additional … [Read more...]