Are you looking for a safe place to grow your retirement savings without the risk of the stock market? You have probably heard of a "Fixed Annuity," but do you actually know how they work?

In this video, Shawn Plummer from The Annuity Expert breaks down the basics of fixed annuities and explains why they are the ultimate tool for principal protection. First, Shawn explains the massive difference between a Fixed Annuity (an insurance product where you cannot lose money) and a Variable Annuity (an investment product where your principal is at risk).

Then, he gives a candid, easy-to-understand breakdown of the three main types of fixed annuities:

SPIAs (Single Premium Immediate Annuities): The original annuity that guarantees a fixed paycheck for life, but requires you to permanently surrender your lump sum.

MYGAs (Multi-Year ...