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Unread 2011-03-09, 11:25   #3
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ash#
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Nov 1 2004
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Age 47
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An annuity does not go on forever... the length of the payback is laid out in the annuity contract... You pay in for a number of years... they you get paid out for a number of years. Or you pay a lump sum up front, and you get paid out for a number of years. There is something called a perpetuity that does the payout forever...

Variable annuities are tied to a market index so that in theory the payments can grow over time, but they can also shrink. So bigger risk/reward potential.
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