Annuities refer to a fixed stream of payments for an extended term(life or a defined term, depending on the annuity). There’s also conventional retirement accounts, that are just a big pile of stocks and bonds that you sell when you want cash. Neither is capped in any non-Communist country I’ve ever heard of.
Annuities refer to a fixed stream of payments for an extended term(life or a defined term, depending on the annuity). There’s also conventional retirement accounts, that are just a big pile of stocks and bonds that you sell when you want cash. Neither is capped in any non-Communist country I’ve ever heard of.