In an effort of investor education, it is important to understand some of the key distinctions between the various financial and insurance products available on the market. One such distinction comes by way of the annuity contracts. All annuity contracts come in one of two different types: deferred or immediate. The fixed deferred annuity is probably the most popular in terms of retirement or financial planning. This annuity is designed to provide the investor a fixed income for a prearranged time period, and defers these payments until a date into the future. This deferred date is where the name stems from. This can allow the investor the ability to postpone payments or grow the account until they are ready or able to take distributions. The uses for this type of arrangement can be numerous. Continue Article...