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Two popular tools are annuities and certificates of deposit (CDs)—but much like any other investment vehicle, they have pros and cons, depending on your unique financial situation.

Here’s what you should know:

📌 Tax Advantages: Annuities allow your money to grow tax-deferred, meaning you can keep more of your earnings working for you until you're ready to withdraw. CDs trigger taxes on interest each year.

📌 Income Flexibility: CDs offer limited payout options, while annuities provide a range of choices—including guaranteed income for life

📌 Asset Protection: Annuities can add a layer of security, shielding your funds from market downturns, creditors, and probate complications

Bottom Line: You may find that annuities can offer more than just income, but also a sense of security and control. That said, every income strategy is unique, so it’s important to consult with a trusted advisor who understands not just your finances, but your goals, dreams, and values.