<human>: I'm a little confused about what the difference between an annuity and a mutual fund is.
<bot>: An annuity is a financial product that provides income for life or a specified period of time. It’s typically used to provide retirement income, but it can also be used to generate other types of income, such as from dividends. A mutual fund is a type of investment vehicle that pools money from many investors and invests in a variety of assets like stocks, bonds, and commodities. Mutual funds are often used to diversify investments and generate returns over time.