Updated: Apr 30
Are you within five to seven years of retirement? Now is the time to create and implement a plan that will generate income for the rest of your life.
We’ve been in a bull market for a little over 8 years! But… how long will this last
If you’re an investor looking to comprehensively protect your retirement nest egg against the next major market downturn, you're certainly not alone.
The tech crash in the early 2000s and the total market crash of the late 2000s are two recent examples of market-wide meltdowns that wiped out retirement savings for tens of millions of Americans.
By utilizing a fixed indexed annuity – you have the opportunity to take advantage of stock market gains while protecting yourself from loss.
So what exactly is a fixed indexed annuity?
According to Investopedia, a fixed annuity is a type of annuity contract that allows for the accumulation of capital on a tax-deferred basis. In exchange for a lump sum of capital, a life insurance company credits the annuity account with a guaranteed fixed rate of interest while guaranteeing the principal investment. A fixed annuity can be annuitized to provide an income payout for a specified term or for life.
Over the last decade, while some retirees lost substantial sums in the stock market, those with fixed annuities did not suffer the same fate.
As with any investment product, there are pros and cons of annuities. To decide if an annuity is right for your unique situation, it’s important to look at a few key factors including crediting rates, income payout rates, the withdrawal restrictions, the corporate credit of the issuer, and the surrender schedule.
By utilizing our proprietary process, we can help you understand the key elements of fixed indexed annuities and how they can impact your financial future.