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Fixed deferred annuities guarantee a fixed interest rate for a set time period. The earnings are tax deferred until withdrawn. After the set period of time, the annuity-issuing company resets the interest rate, but the interest rate will never be below the minimum rate as per written in the contract. An important tip to consider is that one must be careful in choosing the annuity-issuing company. Choosing a strong, stable company that will be there tomorrow is very important. |
