How do fixed index annuities really work? Is your money at risk, or is your principal safe and protected at all times? Most people are not aware that Fixed Index Annuities are more like fixed annuities than variable annuities. In fact, no no one has ever lost a penny to the market in any fixed index annuity from any company since their inception in 1995. That means they survived and thrived through two of the biggest stock market crashes of all time: 2000-2002, and of course 2008. Now, with advanced income riders, FIAs--whether you call them "new generation" or "hybrid" (marketing nicknames for the identical annuities) have arrived as effective 401k/430b and IRA rollovers. In the Q & A, Steve answers the most pressing and common questions about annuities.