Finance Articles

A fixed annuity may sound confusing at first but if you understand how a CD works at a bank, you have the basic knowledge for fixed annuities. Annuities have other features besides a rate guarantee that make it an interesting choice over a CD. There’s a little more information to look at to see if this type of investment vehicle is right for you.

If you invest in a fixed annuity, you can either use it as a deferred or immediate annuity. While they both use the same fixed annuity, the way you take the money is different. Immediate annuities offer…