Today's world is different than that of our parents. Interest rates are at all time lows and market yields seem extra volatile. According to CNN Money, while no one investment choice fits all, an Index Annuity might be a smart consideration for some of your retirement funds.
"If you want to reap some of the benefits of market returns, but don't want to take on all of the risk and volatility of the stock market, you might want to consider an equity indexed annuity."
Pros: When the stock market is climbing you get to participate in the upside and when it falls you get downside protection with a guaranteed minimum. An Index Annuity may pay a higher return than other fixed alternatives with less risk than variable choices.
Cons: Early surrender charges can be high. Downside protection may cost you some upside potential or return.
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