| When investing in annuities, you have a few choices. | | | | avoid losing a large amount in the stock market. You |
| Fixed rate and variable rate options allow you to | | | | do not have to pay taxes on the money until you |
| determine the level of risk you can handle when trying | | | | withdraw it. |
| to save for your retirement. A fixed rate annuity is | | | | If you have a 401K or IRA, you may not need to buy |
| considered to be a low risk investment because you | | | | any annuities. Because you have to pay a monthly |
| earn the same rate of interest each year. Your money | | | | premium, you may not have enough to contribute to |
| will accumulate a certain amount of interest for as long | | | | other retirement funds. Depending on your current |
| as you pay the monthly premium. When you are | | | | financial situation, choose retirement plans that best fit |
| ready to retire, you can close the account and collect | | | | your needs. Visit to learn more about your options. |
| your money. Remember, you have to pay taxes on | | | | Annuities can be very profitable as you reach |
| the interest you have earned. | | | | retirement age. When you retire, you will be able to |
| A variable rate annuity involves a little more risk | | | | withdraw all of it at once or you can choose to |
| because you will have options as to the way you | | | | receive monthly payments for the rest of your life. |
| want the money to be invested. Depending on the | | | | Planning for your retirement is important and should not |
| movement of the market, the percentage rate you | | | | be taken lightly. If you need help planning for your |
| earn will vary from month to month. You do have the | | | | retirement, you should contact a retirement planner or |
| option of moving your money into other annuities to | | | | other financial expert when seeking advice. |