When it comes to saving for retirement, there are a variety of options to choose from. Two of the most common are CDs and fixed annuities. Both have their pros and cons, so it can be difficult to decide which is the best option for you. Here is a closer look at the differences between CDs and fixed annuities:

CDs

CDs are a type of savings account that offer a fixed interest rate. You can’t withdraw your money from a CD before it reaches maturity, and there may be penalties if you do. This makes CDs a good option for …