[{"data":1,"prerenderedAt":53},["ShallowReactive",2],{"term:annuity":3},{"term":4,"related":44},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":37,"stem":38,"takeaways":39,"__hash__":43},"terms\u002Fterms\u002Fannuity.md","Annuity",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-annuity","Understanding Annuity",[16,17,18],"p",{},"With an immediate annuity, you pay a lump sum and receive guaranteed income, often for life. Deferred annuities grow first and pay out later.",[16,20,21],{},"Annuities can protect against outliving your money, but some are complex and carry high fees and surrender charges. Guarantees depend on the insurer's ability to pay.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"retirement","An insurance contract that turns a lump sum or payments into a stream of income.","md",[],{},true,"\u002Fterms\u002Fannuity",[35,36],"four-percent-rule","social-security",{"title":6,"description":28},"terms\u002Fannuity",[40,41,42],"An annuity converts savings into guaranteed income.","Lifetime annuities insure against outliving your money.","Fees and surrender charges vary widely.","cwLn9AdVM7SvkoPo1HIM9LuuVrXkwBdDr-AZ35n5SSY",[45,49],{"title":46,"description":47,"path":48},"4% Rule","A guideline that withdrawing 4% of savings in the first year of retirement, then adjusting for inflation, has historically lasted about 30 years.","\u002Fterms\u002Ffour-percent-rule",{"title":50,"description":51,"path":52},"Social Security","The U.S. government program that pays retirement, disability, and survivor benefits funded by payroll taxes.","\u002Fterms\u002Fsocial-security",1793374004500]