The world of finance can be a scary place, difficult to understand and navigate. Even if you understand how to manage your finances, it can be hard to do anything other than simply hang on. Things like lump sum versus annuity payments only serve to confuse you more. We have put together a basic guide to help you understand annuities, to get you on track to make your money work for you.
What are annuities?
Annuities are sums of cash paid out every year. It is usually the same amount of money at the same time every year. They are available in different sums, and can be paid out in numerous payment cycles. The most popular timelines are paid out over the cou
Some people are great when it comes to managing their money. They have no issues with making an investment — heck, they probably make tons of investments and enjoy doing so — and they know how to budget their finances so it all works out at the end of the month.
But let’s be honest here for a minute: a lot of people aren’t great at managing their finances. These are the people who rack up tons of credit card debt no matter how hard they try to figure it out; the ones who write out a financial plan for the month but abandon it after about four days. Getting out of debt is impossible because they just keep incurring more.
Sound like you? If you’re unable to manage your finances, the best option is definitely to see a financia