Wofford Financial Group

During the Great Depression, investors looked to annuities and life insurance as safe havens from financial ruin. 1935 — President Franklin D. Roosevelt. signed the . Social Security Act. Social Security is essentially a lifetime income annuity. 1940 —Ida May Fuller became the first Social Security recipient. She received 35 years of payments for a total of $22,000. 1952 — TIAA-CREF ... ................
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