There are over 30 million small businesses in the United States. Many people start their own businesses in order to become their own boss and take control over their schedules, career goals and finances. It can be incredibly rewarding to start and own a successful small business. But one thing that many small business owners may not think about is retirement planning.
Annuities can be a very useful financial tool when preparing for retirement, but they are often misunderstood. Many people don't realize that most pensions are based on annuities, and they are one of the best options for providing a guaranteed source of income during retirement.