There are probably more myths surrounding annuities – specifically fixed indexed annuities – than any other financial product. Why? A lot of the confusion surrounding retirement planning in Topeka is due to the fact that annuities have changed over the years, offering you more options and benefits than ever. One of the most flexible annuities is the fixed indexed annuity: a financial product that’s sold by insurance companies. You’re guaranteed by the insurance company that your principal will be protected and it will have potential for growth linked to an index (like the S&P 500).