Guaranteed Returns,
Steady Income
Guaranteed Returns,
Steady Income
What is a Fixed Annuity?
A fixed annuity is a contract between you and an insurance company where you invest money, and in return, you receive a guaranteed interest rate on your contributions. After a set period, the annuity provides a steady income stream.
History and Reliability
Fixed annuities have been used for decades as a reliable way to secure income in retirement. They are offered by insurance companies, banks, and other financial institutions, providing a trusted means to ensure financial security.
How Does a Fixed Annuity Work?
The money you invest in a fixed annuity grows at a fixed interest rate, which is agreed upon upfront and remains guaranteed for the duration of the contract. This makes it a stable and predictable investment option.
Discover how to protect your principal from market losses, while still growing your retirement savings
Frequently Asked Questions
What are the types of Retirement Plans?
457(b) Plan
A 457(b) plan, also known as a deferred compensation plan, is a tax-advantaged retirement savings plan for employees of certain state and local governments, as well as tax-exempt organizations. Learn More.
403(b) Plan
A 403(b) plan, also known as a tax-sheltered annuity plan (TSA), is a retirement plan that allows employees to save and invest for retirement while receiving tax advantages. Learn More.
401(k) Plan
A 401(k) is a company-sponsored retirement account where employees can contribute a percentage of their income, often with employer matching. Learn More.
What are Required Minimum Distributions (RMDs)?
RMDs are the minimum amounts that must be withdrawn annually from certain retirement accounts to comply with federal tax rules. Learn More.