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Are Annuities Safe? A Straightforward Guide from “That Safe Money Guy”

Published on: 01/04/2026

Are annuities safe? Discover how fixed index annuities (FIAs) and MYGAs can protect your retirement savings, provide guaranteed income, and offer tax-deferred growth. Learn how to reduce market risk and create a reliable retirement income plan in South Carolina.

Annuities

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Disclaimer:

We do not offer every plan available in your area. Currently, we represent 0-10 organizations which offer 0-272 products in your area. Please contact Medicare.gov, 1-800-MEDICARE, or your local State Health Insurance Assistance Program (SHIP) to get information on all of your options.

Interest and other guarantees in an annuity are subject to the claims-paying ability and financial strength of the insurance carrier that issues the product. Annuities are long-term vehicles. Many have surrender charges over many years, and withdrawals from an annuity prior to age 59 ½ may be subject to a 10% tax penalty.