Fixed annuities have surged in popularity among those seeking a stable and predictable income during retirement. These financial products, offered by insurance companies, guarantee returns on your investment, adding a layer of security. With benefits like tax-deferred growth, low risk, and customizable options, they can provide peace of mind, especially during market volatility. However, potential drawbacks include limited liquidity, inflation risk, and lower overall returns compared to more aggressive investments. Understanding the intricacies of fixed annuities is essential for making an informed decision, ensuring they align with your financial goals for a secure retirement.