Fixed Annuities
A fixed annuity is a financial product that guarantees a fixed interest rate for a set period of time, and provides an income stream in retirement. The interest rate is applied to the account owner's contributions, and the earnings are tax deferred until the owner starts receiving income. Because the interest rate is fixed, the owner knows in advance how much their annuity will grow and how much income it will pay out. This predictability can help some people feel more comfortable about their retirement plans
