Fixed Annuity
Categories: Insurance, Trusts and Estates
An annuity where the earnings on the investment are at a fixed rate. Very similar to the interest on a bond or a savings account.
If you have a retirement fund and then take the money and set up an annuity so that you have a yearly or monthly income from that money, a fixed annuity will give you no surprises: you'll get the same rate and earnings on your investment.