Index Equity Annuity
What makes equity index annuities-good or bad investment for retirement?
I am very skeptical of a master-dex equity index annuity that was recommended to me by a financial planner What does equity index annuities-good or bad investment for retirement?
Steve2 is right on the money! These tend to be more complicated insurance products disguised as investments. Generally, there are three moving parts: capitalization rate, the most you can get in a year, the participation rate, the% gain in the market for your account will be credited, and the spread / fee. The company insurance in their sales literature, usually two of these guarantees, but has the option to change the third, in its sole discretion, without any resource offered investors. On the other hand, if it is a "bonus" products, may be what is called a product of two levels, ie, you can never go out with a lump sum. You're forced to buy an annuity at a future date. Here are some of the things I want to know: 1. What is the delivery charge and for how long? 2. What is warranted and what the insurance company can change .. and by how much? 3. At what point I can come up with a lump sum? 4. How is rate and credited to your account each year? 5. The delivery charge is waived for death? 6. And, if the income is important, how much I can withdraw each year without surrender charge? I have found that most annuity products pay more than 6% commission to the agent are not great for the consumer, especially when offer a% bonus to the investor in the first year. It is smoke and mirrors. I would ask, but that's me. I'm sure you make the right decision once get all the facts. I suspect there are some decent, easy to understand equity indexed annuities live there. I have not seen yet. Of course, that's my opinion. Hope that answers your question and vote wins best answer! DISCLAIMER: While the information in this response was obtained from sources believed to be reliable, accurate complete and can not be guaranteed. The views expressed in this response is for general information only and shall not be construed as tax, legal, or investment for anyone. Interrogators should consult their professional advisors before making any decisions about your finances. Retirement Guru, CFP ®, EA, ECB CFS, Certified Financial Planner ™ AAMS Professional Enrolled Agent | Admitted to practice before "Providing insurance and retirement planning strategies Estate since 1985 "Source (s) IRS 1691 One of only professionals in the country that has both the CFP and the names of EA (CFP Board: July 2009). In practice, more than 26 years
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