A variable annuity is an insurance contract in which the value can vary based on performance of the underlying portfolio. Variable annuities often offer greater income but at a higher risk of the account’s value falling.

Related Terms

  • Traditional IRA

  • SIMPLE IRA

  • SEP IRA

  • Roth IRA

  • Rollover / Contributory IRA

  • Joint

  • Individual 401(k)

  • Individual

  • Fixed Annuity

  • Designated Beneficiary (TOD)

  • Deferred Profit-Sharing Plan (DPSP)

  • Custodial

  • Corporate

  • Cash Balance Pension Plans

  • 401(k)