Either way, don't expect annuities and CDs to go out of style anytime soon. Not when you can lock in a rather decent interest rate without having to take on excessive amounts of risk. At the end ...

Fixed-rate annuities act much like bank certificates of deposit but usually pay much higher rates than CDs of the same term. How can insurers afford to do that? After all, both banks and insurers ...

Guaranteed deposits, such as bank CDs and fixed-rate annuities, may pay less, but both the interest income and principal are assured (although in different ways). Most retirees use a portfolio of ...

Fixed immediate annuities work a lot like CDs. In exchange for a certain upfront payment, your annuity provider agrees to pay you a set income regularly. This effectively removes risk from ...

Lindsey Crossmier has been a financial writer since 2022, and has been regularly quoted as an expert in outlets such as U.S. News, GOBanking Rates and Yahoo! Finance. She leverages her Yale ...

"Right now, some fixed annuities make an attractive alternative to both bonds and CDs in a portfolio, due to the principal guarantees and interest rates offered," says William Stack, financial ...