At what age is an annuity the most useful for an individual?
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Income can refer to cash flow derived from a variety of sources, including personal earnings, investment earnings, businesses or even real estate. These forms of income are generally referred to as earned income. There are also sources of unearned income, particularly when discussing investments. Dividends, capital gains and interest are common examples of unearned income.
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Bloomberg reports that GM workers and retirees face the prospect of more than $16 billion in...