BA Blog

If you are familiar with CDs, or certificates of deposit, then the concept of a fixed annuity should be fairly easy for you to understand. A fixed annuity works like a CD, but is generally higher yielding and is issued by an insurance company rather than a bank or credit union.

When it comes to retirement planning, you can hardly afford to make mistakes. Imagine yourself, 20 years into your retirement, assessing your portfolio and realizing that it has dwindled down to almost nothing. You are still in good health, but the only income you can expect from this point forward is a paltry pension or Social Security check once a month--if you are lucky.