Sometimes, pensions, IRAs, and social security don’t provide enough income to help you live the way you want during retirement. That’s where a fixed indexed annuity helps supplement your retirement income. You can save money on a tax-deferred basis with the guarantee that you’ll receive income for life. No matter how long you live, you won’t be outliving your income.
Where traditional fixed annuity lacks, a fixed indexed annuity has the potential for higher interest earnings than a traditional fixed annuity with a guaranteed minimum interest crediting rate. The best part is that there’s no direct downside market risk to your money if held through the withdrawal charge period.