Video Tip: Fixed Annuities vs CD’s
Given today’s market volatility, many investors are searching for a consistent, low-risk way to grow their savings. CDs are often the first choice, especially when banks are offering an attractive, short-term promotional rate to attract new customers. An often-overlooked option is a Fixed Annuity. While Fixed Annuities may have fees depending on the features and optional riders associated with the contract, they are available in terms as short as one year and may offer a higher interest rate than CDs. But the big difference between Fixed Annuities and CDs is that Fixed Annuities are tax-deferred… CDs are not. The combination of a Fixed Annuity potentially paying a higher rate – and not having to pay income tax until you withdraw funds or receive a distribution – makes it a unique alternative to CDs. Before you put your money into a CD, consider the tax advantages of a Fixed Annuity. To find out more about Fixed Annuities, call us today.
Robert Schwab
Schwab Insurance Group
903-808-3588
Medicare Agent in Henderson Texas