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Trends over the past decade tell us that around 100,000 federal employees retire every year. Before thousands of civil servants do so in 2024, they'll have to take care of certain financial concerns,.
An annuity is a financial contract typically made with an insurance company. It involves a promise to make a single lump-sum payment or a series of payments over time. In return, the insurance company agrees to make fixed payments to the annuitant at a future date. Annuities, often used for retirement savings, offer a blend of investment and contract elements, providing retirees with a steady income stream. Don't Miss: Average retirement income in America has been revealed – Will you make enough
When planning for your retirement, there are a lot of options available to you. One is to include an annuity. If you're considering an annuity, you may be wondering how much monthly income you could.