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Characterize potential sources of income available for retirement years by addressing the following: Annuity: describe the purpose of this type of plan, including the difference
Characterize potential sources of income available for retirement years by addressing the following:
Annuity: describe the purpose of this type of plan, including the difference between the accumulation period and the distribution period. Indicate how it provides income for retirement and how it is funded. Assume that you are looking to purchase an annuity for your retirement, review the types of annuities discussed in the chapter, make a selection, and support your decision.
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