Summary of Fixed Annuities

Fixed annuities are one of the safest and most reliable ways to ensure guaranteed income after retirement and to transfer wealth outside of probate. The tradeoffs for guaranteed interest and income can be lower returns and lower liquidity than other investments. There might also be other tax-efficient means to transfer wealth that better match your financial goals. Once again, however, your choices depend upon what best achieves your particular objectives. If you need guaranteed income, you ought to weigh the pros and cons of a fixed annuity in your financial plan.