Pros Cons Guaranteed rate of return No potential for higher returns Predictable income stream Does not keep up with inflation No market risk Potentially lower returns compared to other investments A fixed annuity works by allowing you to deposit a lump sum of money with an insurance company.In return, the insurance company provides you with a guaranteed rate of return for a set period of time. The interest rate is fixed and does not change throughout the life of the annuity.Fixed annuities are often used as a retirement savings vehicle because they provide a guaranteed income stream.They are designed to help you save for retirement by providing a steady stream of income in your later years.One of the main advantages of fixed annuities is that they offer a predictable income stream that can help to reduce the uncertainty of retirement savings. Welcome to our blog post about annuities, one of the most popular investment options for many individuals.An annuity is a financial contract between an individual and an insurance company that guarantees a future income stream for a specified period.Annuities come in different types and with complex features that may sometimes be confusing for investors.In this blog post, we will provide an overview of three common types of annuities: fixed, variable, and indexed.īy the end of this article, you will have a better understanding of the differences between these annuity types and their potential benefits and drawbacks.Fixed AnnuitiesFixed Annuities are a type of annuity that provides a guaranteed rate of return for a set period of time.They are considered to be a conservative investment option because they provide a predictable stream of income.The interest rate is determined by the insurance company that issues the annuity, and it is based on current market conditions at the time of purchase. What are the different types of annuities

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