Sir John Templeton, not only the world’s greatest investor but also one of the greatest human beings, shared something with me almost 30 years ago: he said that he’s never known anyone who tithed — meaning the person gave 8% or 10% of what he earned to religious or charitable organizations over a ten-year period — who didn’t massively grow his financial wealth.
However, the biggest factor is the product you select. Every annuity contract is different in the amount of contractually guaranteed income it will provide, so it’s important you understand this before you pull the trigger.
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