Evaluating the Advantages of a Fixed Deferred Annuity and a Certificate of Deposit (CD)
Not all retirement products are created equal. Before deciding which product may be best for you, it's important to know what you would like to accomplish in retirement.
CDs are often thought of as the only option to provide security and guaranteed growth. However, fixed deferred annuities offer security, guaranteed growth and tax benefits, making them another attractive option.
It's important to understand how both products work before making a decision about which is the best fit for you. Use the table on the other side to navigate the differences between fixed deferred annuities and CDs.