Published: 10 Oct 2022 › Updated: 10 Oct 2022

LeoGlossary: Variable Annuity
A tax-deferred retirement vehicle that allows you to choose from a range of investments, including stocks, bonds and money market accounts. A variable annuity can be affected by the performance of the investments you choose. Compare that to a fixed annuity, which provides a guaranteed interest rate, regardless of what may happen in the market.
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