Interested in fixed annuities? Beware of common misconceptions

Brian Schrock is an Edward Jones financial adviser from Fallbrook.
FALLBROOK –Between their 401(k) or pension, an individual retirement account and Social Security, many hope to have enough to enjoy a comfortable retirement lifestyle. Yet, those planning their retirements may want or need to find other financial resources – one of which might be a fixed annuity, which offers a guaranteed interest rate and can be structured to provide a lifetime income stream.Some may be nervous about investing in annuities because of some negative things they have heard about them. How concerned should an investor be?To help answer that question, let’s consider some common misconceptions about fixed annuities:“I won’t be able to touch any of my money if I need some of it before I retire.”A fixed annuity is designed to provide income during th
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