1. What are some negative impacts of taking early withdrawals from retirement accounts? 2. Name two types...

Question:

1. What are some negative impacts of taking early withdrawals from retirement accounts?
2. Name two types of penalty-free withdrawals from retirement accounts.
3. Summarize how long one's retirement money will last given certain withdrawal rates.
4. Offer some positive and negative observations on the wisdom of buying an with some of your retirement nest egg money when you retire. Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...