Why would I consider a fixed indexed annuity?

FIAs can be appropriate for investors who desire protection against downside market risk in retirement, but also want to retain the potential to earn a higher interest rate than available in cash or CD’s. Additionally, retirees favoring the idea of having an income stream paid out monthly or annually for their lifetime may consider FIAs as their 'personal pension'. Moreover, investors who seek to reduce the total risk of their retirement portfolio, or reduce their annual capital gain tax or state tax, may consider utilizing an FIA.