Annuity income refers to the series of payments made at fixed intervals over a period of time, typically used as a stable source of cash flow during retirement.
A deferred annuity is an annuity in which payments do not start at once but either at a specified later date or when the policyholder reaches a specified age.
A certificate of deposit with a minimum denomination of $100,000, commonly utilized by large institutions. Jumbo CDs often offer higher interest rates compared to smaller-denomination CDs.
A certificate that gives the bearer a share in the value of a particular property and a share of the income from it. PINCs can be bought and sold.
A Real Estate Mortgage Investment Conduit (REMIC) is a pass-through entity designed to issue multiclass mortgage-backed securities, adhering to qualifications established under the Tax Reform Act of 1986 to avoid double taxation.
