If you’re looking to increase your tax-deferred savings for retirement with lower-risk investments and are comfortable with conservative returns, you may want to consider a fixed annuity. A fixed annuity is one way to secure an income for retirement, with the main advantage being that the annuity guarantees you a certain amount of income. While some fixed annuities may pay income for the remainder of your life, others may pay out only over a certain period.
Tax-deferred annuities are popular for a good reason—they offer massive benefits to retirees. Annuities can help you grow your retirement savings.
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