as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how can i use annuities to manage my wealth?
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one of the key benefits of an annuity is that it allows the investor to save money without paying taxes on the interest until a later date. annuities have no contribution limits, unlike 401(k)s and iras. another significant benefit of annuities is the creation of a predictable income stream to fund retirement. with an annuity, you don’t have to worry about outliving your savings. this is a major advantage in the post-pension age. your reasons for investing in an annuity should align with your unique lifestyle and financial situation.
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