A fixed annuity is a stable, long-term investment product offering guaranteed returns and predictable payouts. Insurance companies sell the contracts as stable options for retirement savings.   Tax-deferred growth and protection from market volatility are attractive features of a fixed annuity. However, the investment product lacks inflation protection unless riders are added, and the surrender charges for early withdrawals limit liquidity.   Learning about the pros and cons

When I worked as a licensed financial coach, many of my clients purchased annuities to provide income during retirement. The investments...

In my opinion, annuities are among the most confusing investments. The seemingly endless options, features, and benefits can discourage...