June is “Annuity Awareness Month,” so we thought we would share a little bit of information about them. Here are 5 things you should know.   Annuities are similar to a pension. An annuity is kind of like a pension you can buy for yourself from an insurance company. You basically exchange a sum of money for an agreed-upon monthly payment that starts immediately, or later.   They’re not right for everyone. Because pensions are pretty much a thing of the past in corporate America, it’s tough for people to take control of their retirement income using a 401(k). The
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