Are you confused by all the different annuity terms out there? If you are trying to decide between a "Fixed Annuity" and an "Index Annuity," making the wrong choice could drastically change how your retirement savings grow!

In this video, Shawn Plummer from The Annuity Expert breaks down the exact differences between a traditional Fixed Annuity (also known as a MYGA) and a Fixed Index Annuity (FIA).

Shawn explains how a MYGA acts as the insurance world's version of a CD—locking in a guaranteed interest rate for a fixed term, come hell or high water. On the flip side, he reveals how a Fixed Index Annuity acts as a superior bond alternative. With an FIA, you have the option to earn interest based on a stock market index (like the S&P 500) without actually being in the market, meaning you capture a good chunk of the upside but comple ...