Older Americans love certificates of deposit. But fixed-rate annuities, which function like CDs, usually pay much higher guaranteed rate. And they offer tax deferral. CDs have one main advantage over annuities: they’re insured by the FDIC. But I think it’s a tiny advantage, all things considered. Fixed annuities are guaranteed by life insurance companies, which… Continue reading Annuities Beat CDs by Offering Higher Guaranteed Rates and Tax Savings