As retirement nears, preserving your hard-earned savings while still capturing growth can feel like walking a tightrope. For Utah’s 55-plus investors, fixed and fixed indexed annuities offer a compelling solution: the safety of guaranteed principal combined with the potential for market-linked gains.

In this article, we’ll explore how these products work, why they’ve surged in popularity and how you can tailor them to fit your retirement income goals.

Guaranteed principal protection

At their core, both Fixed Annuities and FIAs promise you’ll never lose the money you allocate — your principal is insulated from market downturns. With a Fixed Annuity, you lock in a predetermined interest rate for a set term, often ranging from one to 10 years.

FIAs build on this concept by tying a portion

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