Annuity Vs Cd Comparison

When it comes to saving for retirement, there are a lot of options to choose from. Two of the most popular are annuities and CDs. Here’s a look at how they compare:

Annuity

A annuity is a contract between you and an insurance company. You pay the company a sum of money, and in return, you receive a regular payment for a set period of time or for the rest of your life. Annuities can be Fixed or Variable. With a Fixed annuity, the payments you receive are set at the beginning of the contract and will not change. With …