Annuities or CDs - What You Should Consider

In this Episode of the Secure Your Retirement Podcast, Radon and Murs discuss the similarities and differences between annuities and CDs and the best one for retirement planning. In as much as CDs and fixed index annuities are similar, CDs are best suited for short-term investments, while annuities are best suited for long-term investments.Listen in to learn about interest rate risk or reinvestment risk associated with CDs and how it affects your investment in the long term. You will also learn about an annuity's higher rate of return potential due to its many index options.In this episode, find out:Understanding interest rate risk or reinvestment risk when it comes to CDs.Why it makes sense to have a short-term investment in a CD instead of a long-term investment.The similarities and differences between CDs and fixed index annuities.The higher rate of return potential of an annuity due to its many index options.How a fixed index annuity works as a compliment to a portfolio full of equities.Tweetable Quotes:“CDs are driven off of these interest rates that are higher, and so are the annuities.”- Radon Stancil  “We believe that a fixed index annuity works very well as a compliment to a portfolio full of equities to offset the risk of the market and bring predictability into the overall plan.”- Murs TariqResources:If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!To access the course, simply visit POMWealth.net/podcast.