Fixed Annuities

Fixed Annuities: What You Need to Know
Fixed annuities are financial products that provide guaranteed income over a set period of time or for life. They are often used as part of retirement planning to ensure predictable payments.

What Are Fixed Annuities?
A fixed annuity is a contract with an insurance company where you pay a lump sum or series of payments in exchange for guaranteed interest growth and regular income payments in the future.

Who Needs Fixed Annuities?
They are most beneficial for retirees or pre-retirees who want a safe, stable income stream without market risk.

Common Questions About Fixed Annuities

• How safe are fixed annuities? They are considered low-risk because returns are guaranteed by the insurer.

• How long do payments last? Payments can be set for a fixed number of years or for life.

• Are earnings taxable? Taxes are deferred until you begin withdrawing income.

• Can I access my money early? Early withdrawals may face penalties or surrender charges.

• Do fixed annuities have fees? They generally have fewer fees compared to other investment products.

Why Fixed Annuities Matter
They provide predictable retirement income and protect against outliving your savings.