Annuities and CDs serve different purposes. CDs are best for short-term savings (1-5 years) with FDIC insurance. Annuities are designed for long-term retirement income with potential for higher returns and lifetime income guarantees — but they come with surrender periods and less liquidity.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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