If you are anything like me, you become frustrated when financial conversations around you include terminology that everyone assumes you understand. While it is an understandable language to say that we are all probably concerned with how to fund our retirement years, what is not so well understood is the difference between a fixed and a variable annuity. The difference can become even more important when one is deciding what kind of risk to the principle amount invested that they want to take. This week’s article tells us that “with a fixed annuity, the owner is guaranteed at least a minimum rate of investment return. The insurer declares a specific credited rate of return based on the investment performance of its general account assets.” If you think a product with a guaranteed minimum rate of investment return is of interest to you, give us a call. We’re always here to help.