A fixed annuity is an annuity that guarantees a rate of return over a given time period. There are two major types of fixed annuities that are used as savings instruments: traditional and index annuities. We view annuities as a "safe money" vehicle that offers tax deferral and avoids probate.
Conversely, a variable annuity does not guarantee a rate of return. Therefore, Neuman Financial does not offer them.