We sometimes are asked who a fixed index annuity and a variable annuity might be a good choice for and to answer that question our attention was drawn to a very simple article published by the Insurance Information Institute. There, the author said that fixed annuities may be a good choice for conservative investors who value safety and stability, and those nearing retirement who want to shelter their assets from volatility of the stock or bond market. The author went on to say that you may want to consider a variable annuity if you are comfortable with fluctuations and are young and willing to be in the market over the long term.
Call us if you’d like to discuss what you think your time horizon is because often as we near retirement we realize there comes a point in our lives when counting on something is worth more than rolling the dice.
https://www.iii.org/article/what-difference-between-fixed-and-variable-annuity