What are annuities?
A Fixed Index Annuity is a long-term saving option that guarantees several exciting benefits for retirement.
One of the reasons to choose a fixed index annuity over another annuity, such as a variable annuity, is the growth potential with fewer risks of losing your savings in the market. The fixed index annuity is designed to prepare a person for retirement and has particular tax advantages as well.
The principle and interest earned in an Indexed Annuity cannot be lost due to market fluctuations. Interest is earned based on a certain index that the policyholder selects.
What are the benefits of annuities?
When should I invest in annuities?
Many Americans, when they’re preparing for retirement age, are anxious about their retirement savings plans. As a result, people are looking for lifetime income due to susceptible market volatility, and retirement. The challenges are created by the cognitive decline to secure their income in retirement. So, how do we balance our financial futures amid concerns about outside forces impacting our retirement plans? By choosing the right lifetime income products to provide financial security in retirement, this task can be accomplished.