CD’s vs Fixed Annuities - Battle of the Guaranteed Investments
For over a decade (from 2009 through 2021), many investors dismissed these investments because the interest they could earn was almost laughable. However, things have changed! Since the end of 2021, interest rates have increased dramatically on virtually all interest bearing investments. As a result, the interest you can earn on your “safe” money through investments like CDs and annuities has more than doubled. By the end of this article, you will better understand when and how you can use each of these investments to maximize your financial well-being, improve your retirement, and keep your money working hard for you.
