Fixed Annuities Rate
Fixed Annuities Rate
How does a variable rate annuity differ from a fixed annuity?
I was advised that a fixed rate was a better option. Is that true, and why?
The differences between annuities are in a variable your money is at financial risk in the stock market and returns are not fixed. In a fixed product you get a specific distribution at a specific time, based on the full faith and credit of the insurance company. Personally I hate all insurance products, because I’m a better investor.
One better than the other? Depends more on you and your financial situation, and risk tolerance. Neither product is guaranteed, but may work for you from a tax standpoint.
Dave Dinino Guaranteed Minimum Rate Kansas City Missouri An
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