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Annuity Payments
Periodic payments made to an individual, typically during retirement, derived from an annuity investment.
Annuity Contract
A contract between an individual and an insurance company agreeing on future payments to the individual in exchange for an initial investment.
Retirement
The period in a person's life when they choose to leave the workforce permanently, often marked by reaching a certain age or financial status.
Simplified Method
A streamlined procedure for calculating certain financial figures, such as pension or annuity taxation, to ease the calculation process.
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