This news isn't about cryptocurrencies like Bitcoin or Ethereum! It's about annuities, a type of investment that provides a steady income, kind of like a pension. It's a way to make sure you have money for living expenses, even if the stock market goes down. It's something adults think about for retirement planning.
- Annuities give you a guaranteed income each month, like a regular paycheck.
- They're useful for people worried about running out of money in retirement.
- The amount you invest in an annuity depends on your needs and how much other income you have.
| Topic | Details |
|---|---|
| Annuity Type | Immediate annuity (pays you regularly) |
| Risk Level | Low (guaranteed income) |
| Potential Benefit | Guaranteed income to cover your living expenses |
| Drawback | You might not earn as much as if you invested in stocks. |
