An annuity is a financial product typically used by investors to save tax - deferred for retirement or to
generate regular income payments, helping to replace a paycheck in retirement.
Considered among the safest fixed - income investments, these bonds
offer regular income payments and stable prices relative to equities, but offer lower interest rates and coupons than other types of bonds.
When you choose to annuitize, the value of your Vanguard Variable Annuity contract is converted to
regular income payments, which can provide you with the security of income you can't outlive.
This is payable only after the last month of
the regular income payment.
When you choose to annuitize, the value of your Vanguard Variable Annuity contract is converted to
regular income payments, which can provide you with the security of income you can't outlive.
The point of an annuity is to convert a lump sum payment (or series of payments) into
a regular income payment.
Dividend investors typically rely on
their regular income payments to either pay the bills or grow their nest eggs via reinvestment.