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Deferred annuity
Deferred annuities offer the advantage of delayed payments, which can be beneficial for individuals planning for retirement. By investing in a deferred annuity, individuals can receive a steady stream of income at a later date, providing security during their retirement years. This can also be a useful tool for tax planning, as it allows for tax-deferred growth on the investment. Additionally, deferred annuities can offer a guaranteed income stream, providing peace of mind and stability in uncertain financial times.
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