Types of Annuities and How They Work

Types of Annuities and How They Work
Different annuities have different features and meet different people's needs. You need to understand the features, fees, and tax policies before you buy one. Monster Ztudio/ShutterStock
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The other day I was craving tacos. The hunger was fierce. So, I decided to head to my favorite Mexican restaurant to satisfy my appetite. Usually, I choose between either coconut shrimp or carnitas. But, on this particular day, I wanted to try something different. But, I quickly became overwhelmed by the possibilities.

Granted, this was a Chiptole situation where I could apparently have some 655,360 combinations to pick from. But, still, the decision wasn’t easy. And, while I was standing in line, I got to thinking. This is kinda similar to annuities.

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