WhatAre Fixed Annuities?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Tax deferred annuities have differing crediting methods: indexed, separate sub accounts and guaranteed fixed interest rates. Fixed interest rates are generally offered for a time certain periods like 5, 7 or 10 years. Interest rates have recently began to rise, so most advisers are not recommending long term periods like ten years. The fixed interest rates and the tax deferral feature of annuities generally have a greater economic impact for savers than the traditional CDs offered by banks.

   Answered on August 17, 2013

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