Whether you are enjoying retirement or planning for your future, safely growing your savings is probably extremely important to you. There are many vehicles to help you grow your money, including:

• fixed annuities
• the stock market
• government bonds
• savings accounts

The stock market presents the opportunity for considerable growth of your investments, but also contains the inherent risk of considerable loss. Government bonds and savings accounts provide a safe harbor but your money grows at a smaller rate of return.

Fixed annuities have a place in most every portfolio if both safety of principal and higher interest rates are important to you. With fixed annuities, your principal is guaranteed, interest rates are often higher than those received elsewhere and your savings grow tax deferred. Also, fixed annuities can be structured to guarantee you a certain monthly income for as long as you live. You can not outlive the monthly income you choose.