When it comes to saving for retirement, there are a number of different options to choose from. Two of the most popular choices are annuities and CDs. Though they have some similarities, there are also some key differences between these two types of investments.
An annuity is a type of investment that pays out a fixed amount of money each month or year. This is in contrast to a CD, which pays out a fixed amount of money once the CD matures.
One of the biggest benefits of an annuity is that it provides a guaranteed income stream for life. …