Annuities

Part of this blogs revenue comes from sponsored reviews and today in my ever continuing education of the planet we’ve agreed to call “Earth”, the topic of interest is annuities Rates. Now, I may be revealling a little bit of my “Rose colored glasses” appoach to life but before today, I had no idea what equity indexed annuities were.Actually, I didn’t know what an “Annuity” was to start with let alone add “Rate” to that little ditty.Why? Because I, well simply, never really cared about that stuff until I knew I could make some money by caring! I know one of my personal training clients “Paul” is going to read this and laugh at me.At any rate, where did I go to do some research.. well of course king google. If you type in “Annuity Rates”, you’ll end up at http://www.freeannuityrates.com/This is where I learned that an “Annuity” isI’m sure that is completely accurate but reading that just made my eye brows scrunch.In english an another stab at defining Annuity is “In discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money concepts such as interest rate and future value.”So you pay in what you can and it’s dolled back out to you at regular intervals when you need it later but in the mean time it was protected from the tax monster.