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rp29
Level 2
Feb 27, 2025 8:54 PM UTC
Question

Are annuity contributions just returns generated by the annuity?

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    2 replies

    ThomasM125
    Alumni - Intuit
    Feb 27, 2025 9:03 PM UTC

    No, an annuity contribution is an amount paid in to an insurance company that then invests the funds so that in retirement you will have a steady stream of distributions available to you.

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      rp29Author
      Level 2
      Feb 27, 2025 9:12 PM UTC

      Thanks, that's what I was hoping for.

       

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