Fixed Indexed Annuity.

When it comes to guaranteeing your income for your retirement, there aren't too many place to put your money. Joining The Rhode Show is Certified Financial Planner Jeffery Massey to provide a little insight from one of those safe money choices, a fixed annuity.

In this short video, learn about the basics of Equity Indexed Annuities. An equity-indexed annuity is a special type of contract between you and an insurance company. During the accumulation period when you make either a lump sum payment or a series of payments the insurance company credits you with a return that is based on changes in an equity index, such as the S&P 500 Composite Stock Price Index. The insurance company typically guarantees a minimum return. Guaranteed minimum return rates vary. After the accumulation period, the insurance company will make periodic payments to you under the terms of your contract, unless you choose to receive your contract value in a lump sum. For more information, please visit us at SaveURRetirement.com.