Do Fixed Annuities Work? 
You know ... I have a friend who works tireless hours to receive government benefits . One may wonder why he does n't get a job ?! Anyways , there are many moving parts in Fixed -LRB- Indexed -RRB- Annuities . -LRB- FA -RRB- But ` Do they work ' is a tad broad . Here are a few questions you may want to know , before moving forward with a FA : - Why are you thinking about a FA ? - What do you wish to accomplish ? - Do you need income now , later , forever -LRB- so long as you shall live -RRB- - with a spouse , or it for something else ? - Is liquidity -LRB- without penalty -RRB- an immediate concern ? - Is long term growth with protection of principal your primary goal ? Get where I 'm going with this ? In the world of FAs , there are many moving parts and many options . Did you know that Texas and Florida are the only two states in the US that have added protective benefits , built into annuities ? Point being , a good Agent / Advisor will take the time to do a thorough needs analysis to determine what you seek , if a FA suits your needs and if applicable show you two or three options and let you choose what YOU believe is best for you . Just my two-cents ! 