Many investors have opted for fixed index annuities as a source of retirement security. But what exactly is a fixed index annuity? And for that matter, how does it stack up against other financial options?
Comparatively, financial products such as CDs offer low return potential. They also don’t offer a guaranteed lifetime income option. And for seniors looking to bolster their retirement income, the ups-and-downs of the stock market puts retirement dollars at risk. After all, the market moves through cycles. Historical data shows it can take years for the market to recover. Read More
Today’s financial landscape is muddled. Determining the best investment options for your needs can be a hassle. Sound decision-making involves being financially educated. And for people looking at annuities, it helps to understand the basics.
What is an annuity? Simply put, an annuity is a contract between you and the insurance carrier providing it. The goal of an annuity is to provide you with a steady income stream in your retirement. It can also be a means of protection – keeping your retirement money safe and intact when market-based investments take a hit. In an annuity contract, you make a lump-sum payment or a series of payments. The annuity gives you certain contractual guarantees. Read More
Are you looking at annuities for an income security option? There’s certainly no shortage of financial advice on them out there. Especially bad financial advice.
And as financial guru Suze Orman notes, it’s a different world. Employers no longer look out for you in your working days – and then offer a pension throughout retirement. Now they ask you to help fund your retirement. Or you may be tasked with funding your retirement entirely on your own.
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