Commercial Banks have done a fantastic job of marketing Certificates of Deposits, creating the illusion that they are the standard by which ALL savings accounts should be measured.

However, informed investors and savers have known for decades that there is a much better alternative to bank CDs, and those are annuities.

Unfortunately Insurance Companies have done a terrible job of educating the general public on the features and benefits of annuities. Leaving most individuals uninformed, or mislead by misinformation, rumor or someone's opinion who's usually not a financial professional.

Annuities are a suitable and preferable alternative to bank CDs if you are looking for:

Safety: by guarantee of your principal
Higher returns: typically offer higher rates than commercial banks
Tax Advantaged growth: tax deferred interest accumulation
Liquidity: access to your funds before maturity
Certainty of Income: an income you cannot outlive for both you and your spouse

If the chaotic economic climate has you uncertain, fearful or confused about where's the safest most prudent place to have your retirement savings, take the time to learn more about how annuities work and how you can benefit from them.