It’s hard to achieve financial diversity when you’re unsure of the tools available to you or confused by the variety of options – mutual funds, Certificate of Deposits (CDs), Fixed Indexed Annuities (FIAs), and more.

With so much financial advice swirling around out there, it’s difficult to decipher between what’s myth and what’s fact. In order to address this gap and diversify your financial strategy, consider FIAs as a means to help create a foundation of conservative growth and to ensure a steady income during retirement.

In the third and final installment of IALC’s Fact vs. Myth series, the IALC wanted to break down the remaining misconceptions about the savings tool.