Six types. Six different jobs.
“Annuity” is six products wearing the same name tag. Each one solves a specific problem. Here's the short version of what each is actually good for — and who should probably skip it.
Immediate Annuities (SPIAs)
Convert a lump sum into guaranteed monthly income that starts within 30 days. The simplest way to create a pension-like paycheck.
Deferred Income Annuities (DIAs)
Lock in a future income stream at today's rates. The longer you wait, the higher the payout. Think of it as buying a future pension.
QLACs
A special type of deferred annuity funded from your IRA or 401(k). Reduces your RMDs while providing longevity insurance.
Income Rider FIAs
A fixed index annuity with a guaranteed lifetime income rider. Your money grows with market-linked credits, and you can activate guaranteed income when you're ready.
FIAs for Accumulation
Earn interest linked to a market index — with a 0% floor that protects your principal. No fees when used purely for accumulation.
MYGAs
A guaranteed fixed interest rate for a set term — like a CD, but with tax-deferred growth and often higher rates.
Have a question about your situation?
Send a note and we'll get back to you. No pressure, no pitch.
More annuity types
Less commonly a good fit, but worth understanding so you can tell them apart when a broker throws one at you.
Buffered Annuities (RILAs): Market Upside with a Safety Net
Learn how buffered annuities (RILAs) provide market participation with built-in downside protection. Understand buffers, floors, cap rates, and how they compare to FIAs.
Variable Annuities: Investment Upside, Real Risk, and the Fee Question
An honest, in-depth guide to variable annuities — how subaccounts work, the full fee breakdown, tax-deferred growth, living and death benefits, and why these products generate so much debate.
Fixed Annuities Explained: Guaranteed Rates, Predictable Growth
A complete guide to fixed annuities — how they work, how they compare to CDs, surrender periods, tax treatment, and whether a fixed annuity belongs in your retirement plan.