 Annuities in the United States

An annuity in the United States is a financial product primarily used for retirement planning that allows individuals to accumulate and distribute funds over time. Annuities are typically offered by insurance companies and come with various features and options. Here are the key aspects of annuities: ### Types of Annuities 1. **Immediate Annuities**: These begin making payments to the annuitant shortly after the initial investment.