#annuities #financialplanning #safeinvesting
A popular question that's asked by approaching or current retirees is what's the difference between a CD and a fixed annuity? On the surface, there might not look like there's much of a difference. Scott breakdowns these two products and explains how interest rates and the safety of your money can differ.
0:00 - CD vs. Fixed Annuity
0:16 - What Are They?
0:59 - Safety of Your Money
2:26 - Compound vs. Simple Interest
3:44 - Access
5:02 - Interest Rates
POP QUIZ: Do you know what MYGA stands for? Drop it in the comments below if you know!
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