Blog tagged as Annuity Myths

Annuities come in two varieties – Fixed and variable. A fixed annuity is somewhat like a CD, in that the insurance company issuing the annuity agrees to pay a fixed rate to the investor, while the investment, along with associated profit or loss, is also the company’s responsibility and right.

People are putting money into annuities today for several key reasons—especially in today’s economic and market environment. Here’s a breakdown of the main motivations.

Annuities can help during retirement by providing a steady stream of income, which can supplement other retirement funds like Social Security or a 401(k).

As you plan for retirement, you likely come across many options for building your portfolio and creating the savings you need for the future. Among these retirement income solutions, you may have seen annuities. If you don’t fully understand these products, don’t worry, you’re not alone.