When it comes to retirement planning, finding a balance between security and growth is essential. Many retirees worry about outliving their savings or suffering from market downturns. According to David Snavely, a trusted financial advisor, Fixed-Index Annuities (FIAs) offer a solution by providing market-linked earnings with principal protection.

But what exactly is a Fixed-Index Annuity, and how does it work? Let’s explore.


What Is a Fixed-Index Annuity?
A Fixed-Index Annuity (FIA) is a tax-advantaged financial product designed to offer growth potential while keeping your money safe. Instead of investing directly in the stock market, your earnings are linked to a market index, such as the S&P 500.