Annuity can be defined as a financial investment in which a person has a contract with an insurance company. Based on the contract, the person makes a single payment or series of payments. The insurer in exchange will make periodic payments to the person starting at a later time. Annuities often offer tax-deferred growth of earnings and may include a death of a beneficiary a guaranteed minimum amount. (more…)

Defined contribution plans have several characteristics involving the following factors:

• Some plans allow you to defer a portion of your compensation and contribute it to the retirement fund, (more…)