Updated October 2, 2023, at 4:23 PM 

Building a financial strategy in today’s challenging market environment can be tricky. Today more than ever, retirees are struggling to feel reassured about their retirement savings.

In recent years, fixed indexed annuities (FIAs) have gained popularity in the retiree market by offering guarantees to income with potential for indexed interest accumulation and in our industry have often been referred to as “sleep insurance” for retirees. That often makes financial advisors wondering “Is a FIA right for my client?”

With pensions no longer being offered by the majority of employers, fixed indexed annuities are a way to help create a stable and reliable income in retirement.