SPIA or FIA Annuity: Which one is better?

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Looking at a SPIA and wondering if a FIA (fixed index annuity) is better? Let's look at the facts for both of these types of annuity contracts.

You deserve to know the difference between both.
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And if you want to account possible adjust for inflation in the future years, consider laddering a indexed annuity. So start one annuity now to cover expenses and let one annuity grow the guaranteed lifetime income for 10 or 15 years and then turn on that income too.

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