Are Fixed Annuities Fdic Insured?
Because of the insurers’ capacity to engage in more long-term, less liquid investment techniques, fixed annuities can offer greater rates than CDs. Fixed annuities are retirement products that delay interest income from taxation until age 591/2, but early withdrawals are subject to a penalty. A fixed annuity is not FDIC-insured, but it is backed by […]
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