This beginners guide covers basic fixed annuity features, benefits, definitions and common annuity terms. Fixed annuities are investment vehicles structured much like a bank CD.
Fixed Annuities all have common features which distinguish annuities from all other investment options. Features such as a guaranteed rate of return.
Fixed Annuities often perform better than competing investments, such as CDs, because the insurance carrier puts your money in longer-term bonds.
The Best Fixed Annuity will mean different things to different investors. It is important to understand the main factors to consider when choosing an annuity.
Fixed annuities have many advantages, however there are also disadvantages. The most common disadvantages include the 10% IRS penalty & limited liquidity.
There are many hazards to avoid when considering a fixed annuity, such as purchasing fixed annuities with money you may need immediate access to.
Immediate Fixed Annuities provide a fixed income which starts at the time of purchase, lasting your entire life, or for a set amount of time of your choosing.
Deferred Annuities are a type of annuity contract that delays the payments of income, installments or a lump sum until the investor elects to receive them.
Overview of multi-year guaranteed annuities (MYGA), including current rates, annuity calculators and quotes. A MYGA is a hybrid of a fixed annuity and CD.