When Considering Why to Buy Annuities, Which of the Following

question 86

Multiple Choice

When considering why to buy annuities, which of the following statements is correct?

• A) It is better to fund a fixed annuity before fully funding your IRA, Keogh, or 401(k).
• B) The timing for payments of a fixed annuity are variable.
• C) It is better to fund a variable annuity before fully funding your IRA, Keogh, or 401(k).
• D) A fixed annuity is one where the investments put into the annuity are variable.
• E) It is better to fully fun your IRA, Keogh, or 401(k) before buying an annuity.

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Definitions:

Velvet Revolution

A peaceful and non-violent protest movement that led to the end of the communist regime in Czechoslovakia in 1989.

Tiananmen Square

The site in Beijing, China, of pro-democracy protests in 1989 that were violently suppressed by the Chinese government, resulting in numerous deaths and injuries.

Multiculturalism

A societal approach that recognizes, respects, and celebrates cultural diversity, promoting the coexistence of different cultural traditions.

Triangulation

In politics, the strategy of a political leader or party to position themselves as above and between the left and right wings of their party, in order to appeal to the majority of voters.