There are two types of annuities:
Fixed Annuities are invested primarily in government securities and high grade corporate bonds. This investment is more secured but will not gain much interest than the variable annuities. Fixed Annuities are actually has guaranteed rates than variable annuities.
Variable Annuities are invested in selections of fund like mutual fund that is tied to the market performance that is why they have managers for this type of Annuity. This annuity is invested to most conservative to most aggressive investment like money market.
What is good with annuities is that there is no limit with the investment unlike with retirement plans. Invest in annuity now if want secured money rather than in stock market. Buying stock directly is dangerous if you are not familiar with this type of investment.
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