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Annuities

Immediate vs. Deferred Annuities

Immediate vs. Deferred Annuities

Looking forward to retirement? It's critical to understand the difference between immediate and deferred annuities.
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Annuity Comparison

This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.
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Split Annuity Strategy

Here's one strategy that combines two different annuities to generate income and rebuild principal.
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Fixed Annuity

Guaranteed return for a set number of years.



Known also as:

  • Multi-year guaranteed annuity (MYGA)
  • Fixed rate annuity
  • Fixed deferred annuity

Best for:

  • Building wealth
  • Guaranteed fixed growth rate


Fixed annuities offer a guaranteed rate of return for a fixed number of years, like a CD.

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Indexed Annuity

Monthly income for as long as you live



Known also as:

  • Single premium immediate annuity (SPIA)
  • Flexible premium indexed annuity (FPIA)
  • Deferred income annuity (DIA)

Best for:

  • Steady retirement Income


Income annuities offer guaranteed income for life.

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Deferred Annuity

Guaranteed income for as long as you live.



Known also as:

  • Deferred income annuity (DIA)
  • Flexible premium indexed annuity (FPIA)
  • Single premium deferred annuity

Best for: 

  • Steady lifetime income


Earnings on premiums grow tax-deferred until money is withdrawn.


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