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How Do Fixed Annuities Work ? | On The Money

In this video, Ryan discusses the Fixed annuity also known as a cd annuity which provides a tax-deferred fixed rate of return with no fees and no risk. Fixed annuities are usually offered in 3 year or 5 year terms. Unlike bank cds, during the term of a fixed annuity access to funds is available without penalty or fees and many use the interest paid from fixed annuities as income. Contrary to many beliefs fixed annuities pay the full account value plus any interest without penalty to heirs in the event of de-ath. 🛑 SUBSCRIBE: https://bit.ly/3jyZOuj 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/u... 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/c... #annuities #annuity #annuityinvestment