Yes, annuities are generally considered a safe option for retirement—especially for people looking for predictable income and long-term financial stability. With a fixed annuity, your principal is protected, and your interest earnings are guaranteed by the issuing insurance company.

For many retirees, that kind of stability offers peace of mind. You don’t have to worry about market ups and downs, and you can plan your life around a consistent income stream.

There are three main types of annuities: fixed interest, fixed indexed, and immediate.

- A fixed interest annuity is designed to help you grow your savings for retirement. It earns a guaranteed interest rate, and the money grows tax-deferred—which means you don’t pay taxes on the earnings until you start taking withdrawals.

- A fixed indexed annuity offers the same guarantees as a fixed interest annuity, but with a twist: it gives you the chance to earn more interest based on how a market index performs. You’re not actually invested in the market, so your money won’t go down if the market does.

- An immediate annuity works a little differently. You make a one-time lump-sum payment, and in return, it starts paying you a guaranteed income right away—either for a set period or for the rest of your life.

Everyone’s situation is different, and we’re here to help you find the option that makes the most sense for your goals, your needs, and your peace of mind.

One of the key tax advantages of annuities is that they grow tax-deferred. That means you won’t owe income taxes on the interest your annuity earns until you withdraw the money or start receiving payments.

Why does that matter? Because when you're not paying taxes each year on those gains, your money can grow faster—giving you a stronger foundation for retirement. It’s a smart way to build savings quietly in the background while keeping more of what you earn working for you.

When the time comes to use those funds, you’ll only pay taxes on what you take out. That flexibility can make a big difference, especially if you're planning ahead and want to stretch your retirement income further.

And if you're not sure which annuity option is right for your needs, we’re here to help guide you every step of the way.

While both annuities and certificates of deposit (CDs) are considered safe options for conservative investors, they serve different purposes—especially in retirement planning.

CDs offer a fixed interest rate for a set term, but they typically come with deposit limits and do not provide lifetime income. On the other hand, the benefits of annuities go beyond just steady growth. Fixed annuities often offer better rates, guaranteed minimum earnings, and the option for lifelong income.

Plus, annuities come with tax-deferred growth, and in many cases, those earnings and protections can be passed on to your loved ones—something CDs don’t offer.

If you’re unsure which option is better for your goals, we’re here to help you compare and choose what’s right for you.