Posts tagged Annuity
Pros & Cons of TSP Annuity

Is the (antiquated) TSP Annuity Appropriate for You?

An annuity, in the broadest terms, usually refers to an investment or program where the participants exchange a sum of money (contributions) for a guaranteed stream of income.  In general, programs like this look to mitigate longevity risk – or the risk that you will outlive your personal life savings.  Since no one knows exactly how long they are going to live, an annuity refers to a family of investments generally designed for individuals to pool their money together in order to collectively mitigate the risk of any individual participant outliving their own personal savings. 

Read More