A fixed annuity is like a safe savings plan that helps your money grow steadily over time. You get a guaranteed interest rate every year, no matter what happens in the stock market. It’s a great option if you want consistent, predictable growth and a reliable income in retirement—without worrying about losing money.



A fixed indexed annuity, on the other hand, still protects your money from market losses, but gives you the potential to earn more based on how the stock market performs. Your returns are tied to an index like the S&P 500, but you’ll never lose money if the market goes down. It’s a great way to enjoy some growth potential while still keeping your money safe.