Swelling in the legs and ankles is caused by fluid accumulation in the body, which can be a sign of worsening heart failure. You may feel that your shoes are tighter than normal if swelling in this area is increasing.
An FIA is a fixed annuity that, according to the Insured Retirement Instituteâs report, credits a minimum guaranteed rate of interest over a fixed number of years, plus additional interest that may be credited based on the percentage change in the value of a broad market index.
Based on your description, you could either purchase a single premium immediate annuity with a cash refund option or a fixed index annuity with an income rider. If you're looking to start your monthly payments within a few months, the immediate annuity will pay you more income than the index annuity.