Fixed Annuities & Variable Annuities
Fixed Annuities & Variable Annuities are two common types of what is called “Deferred Annuities”. Unlike the immediate annuity that we discussed on Friday, these types of annuities are designed to grow your capital in a tax deferred manner before then being used to provide a lifetime income. Let’s look at both types… Fixed Annuities […]
What is an Annuity?
An annuity is basically a savings or investment vehicle offered by an insurance company. It should not be considered an investment technically, because it is not. And it should not be considered a bank savings account, because it is not. But different types of annuities have features that might be very similar to these other […]