Investment portfolios work best when they are diverse. Investments are rarely both low risk and high reward, after all, and if you have too many risky ventures going at once, you run the risk of having enough setback losses to undermine the successes that do come. That’s why so many investment gurus urge people to find an option that has some kind of guarantee, in the event that their more volatile investments go under. An overlooked option for this is fixed deferred annuities, which can provide guaranteed income if they are fully paid until they are mature.
How These Annuities Work
The money paid into an annuity is tax-deferred, and you get a guaranteed interest rate, so you don’t have to worry about market volatility like you do with stocks and some bonds. In general, an annuity is a vehicle like a savings account, but with a few options. Fixed deferred …