Annuities are a great way to diversify your retirement plan. They are a type of insurance, and you invest money into an annuity now to receive payments later. Payments can be made to each month, every three months, once a year, or in one lump sum at a future date. How much money you will receive and how often you receive payments will depend on how much money you invested and how the annuity was set up in the first place.
1 June 2016