Fixed Indexed Annuity
The pros and cons of a fixed index annuity?
I am thinking of converting my IRA into an annuity fixed index as suggested by the Senior Advisor Certificates. He told me that I can move my IRA for several generations (eg my wife when I die, then my children to die for my wife, and … etc) without paying Estate Tax. My IRA is more than $ 2M, I know the multi-generation fixed index annuity IRA saves me a lot of Property Taxes. When is is getting on with in fixed index annuity?
Benefit: fixed income is not necessary to manage a large portfolio. Low volatility. Down side: The High inflation can eat up the fixed payments. No growth potential. A mixed portfolio is usually better. You do not want all your eggs in one basket, as they say. Talk with several advisors from different companies. Get advisors do not pay, those who derive their income from what we sell. Good Luck,
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