What to Expect Fixed annuities commonly offer interest rates of 4-10%. The insurance provider and the contract’s term will determine the actual rate. Longer terms of 5-10 years offer rates upwards of 8-10% — these are the real money-makers. Even though a 2-5 year annuity is still preferable to CD, a 10 year annuity has … Read more
Overview Fixed annuities are interest-based vehicles similar to bank-issued CDs, but geared specifically towards retirement savings. Typically, a lump-sum of cash locks in an interest rate ranging from 3% to 10% for a period of 3 to 15 years. The initial deposit — otherwise called the premium — can range from $5,000 to $1,000,000. Fixed … Read more
An Overview The following features are common to most fixed annuities: The Fixed Annuity Guarantee The most appealing feature of fixed annuities — and why they comprise over 75% of all annuity sales — is their stable rate. While the markets are hit or miss, for retirees, a guaranteed 4-8% is very reassuring. With a … Read more