Fixed Annuities: Higher Rates Than CDs. Worth it?

  The takeaway: Fixed annuities are like CDs, except you earn a higher rate.  Even better, your interest grows tax deferred.  But there are steep penalties for early withdrawal.  And tax treatment isn’t particularly favorable to your heirs.  Look before you leap. $$$ Part six in a series on annuities that will appear here from … [Read more…]