Annuity Calculator
Understanding Annuities
Annuities are insurance products that provide future income in exchange for current payments. Fixed annuities guarantee a return, variable annuities invest in market funds.
Key Types
- Fixed: Guaranteed return rate
- Variable: Market-based returns
- Immediate: Payments start right away
- Deferred: Payments start later
💡 Tips
- Annuities provide guaranteed income
- Fees can be high - compare options
- Consider inflation protection
- Surrender charges apply to early withdrawal