What Are Fixed Income Annuities?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Tax deferred, guaranteed fixed annuities offer a fixed interest rate over a fixed period of time, i.e. 5, 7 or 10 years as an example. The interest rate is credited to the annuity policy and accumulates tax deferred until distributions, when gain is taxed as ordinary income at the annuity owners effective tax bracket.

   Answered on July 31, 2013

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