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Fixed Income Annuities

A fixed income annuity provides you, or you and your spouse, with guaranteed1 income by turning a portion of your savings into a stream of income payments for the rest of your life or a set period of time.

Reasons to consider fixed income annuities

  • Predictable, guaranteed lifetime income
  • Receive income now or in the future
  • Easy to understand and integrate into your income strategy

Fixed income annuities available through Fidelity

One of the biggest retirement risks is outliving your savings. Fixed income annuities may help you to plan for the lifestyle you’ve worked hard to achieve, knowing that you will have a source of income that will last throughout retirement.

With this guaranteed stream of income in retirement,2 you (and your spouse, if you choose a joint annuity) have the assurance of knowing that some of your income is secure. This may help you manage your retirement spending accordingly.

Fixed income annuities available through Fidelity can be purchased for either immediate or future (deferred) retirement income, depending on your current life stage.

Learn about immediate fixed income annuities.

Learn about deferred fixed income annuities.

1. Guarantees are subject to the claims-paying ability of the issuing insurance company.
2. Withdrawals of taxable amounts and taxable income received from an annuity are subject to ordinary income tax. Withdrawals of taxable amounts taken before age 59½ may be subject to a 10% IRS penalty.

Fixed annuities available at Fidelity are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, by Fidelity Brokerage Services, Member NYSE, SIPC. A contract’s financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.