Looking for a way to save for retirement? Perhaps you’ve grown weary of the Stock Market and you are looking to get out with the balance of your retirement savings intact. What are your choices outside of investing in the ups and the downs of the market? Well, you’ve come to realize that your options are wide-ranging, but you’ve decided you want to keep your money safe and secure. Savings accounts and CDs are great vehicles to save money safely, but they offer low interest rates and they feature yearly income tax bills. However, CD-type annuities rate highly among conservative savers, due to their higher interest rates, flexibility and tax favored status.

Just like the name implies, CD-type annuities are quite similar to well-respected certificates of deposits. Like CDs, CD-type annuities feature a fixed interest rate. This fixed rate is locked in for the term of the annuity. CD-type annuities typically have terms ranging from one to 10 years. After the term is complete, you are free to take your money and do with it what you wish. It’s these easy terms and increased flexibility that cause CD-type annuities to rate highly among savers.

However, CD-type annuities differ from bank certificates of deposit in many ways. First of all, a CD-type annuity is an insurance product, while a CD is a savings product issued by a bank. Regardless of the type of product, the CD-type annuity is regulated and backed (to certain limits) by a governing entity – in this case, your states Insurance Department and Insurance Guaranty Fund. Also, unlike a bank CD, a CD-type annuity’s interest earnings are tax-deferred until you take money out of the annuity. You could avoid a big tax bill until the moment’s right; for instance, when you are in a lower tax bracket. Simply by rolling over the annuity (exchanging) into a new annuity when its original term is complete, you can take advantage of the CD-type annuity’s tax advantages for many years. It’s no wonder why CD-type annuities rate well among savvy savers.

Are you ready to learn more about the power of saving with a CD-type annuity? If so, call BuyAnnuitiesOnline.com today at 1-800-994-3023.