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