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There are so many options available when it comes to investing that it can be confusing trying to determine which ones are right for you. One common product that you might hear about is an annuity. These are popular investment options, but novice investors may not know what they are, how they work or if they’re the right choice for their portfolios.

Annuities can be an excellent supplement to your other retirement accounts and can help you diversify your portfolio, helping protect you from market shifts and insulating you from turmoil in the economy.

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.