Annuities Explained: Fixed, Indexed and Income Annuities
A plain-English guide to annuities, how they work, and when they make sense for retirement.
What is an annuity?
An annuity is a contract with an insurance company that grows your money tax-deferred and can turn it into guaranteed income for life.
Types of annuities
Fixed annuities (MYGAs) pay a guaranteed rate like a CD. Fixed indexed annuities earn interest linked to a market index with no market losses. Income annuities and income riders create a paycheck for life.
Is an annuity right for you?
Annuities fit best for money you want protected and for covering essential retirement expenses. Our retirement specialist can run a free income analysis.