Sometimes, we ever hear the people talk about annuities. But, do you know more about it? Annuities, as an investment option, are often seen as restrictive, unexciting and dull. Annuities is any terminating stream of fixed payments over a specified period of time. This usage is most commonly seen in academic discussions of finance, usually in connection with the valuation of the stream of payments, taking into account time value of money concepts. You pay money in, sometimes over many years, and eventually you get paid an income from that money. This is the traditional view of a retirement annuity: it’s the way grandpa saved up enough to keep the wolf from the door after he stopped working. Read more this thread....