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