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• Overview
• What is an annuity?
• What types of annuities are there?
• What does "annuitize" mean?
• What are "sub accounts" or "underlying investments"?
• How are annuities "tax advantaged"?
• How long do annuity payouts continue?
• What are the advantages of an annuity compared to an IRA or 401(k) or other retirement plan?
• What fees and charges are associated with annuities?
• Is an annuity liquid?
• Where do you buy annuities?
• Who is promising your return?

Annuities

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What does "annuitize" mean?

When you switch from the accumulation phase to the payout phase, and you choose to start receiving regular income payments from your annuity, you are "annuitizing." If you choose not to annuitize, you may take a lump sum payout from the annuity.