Living Debt Free & Truly Wealthy, The found money specialist, United States
Index annuities are great if your looking for the upside potential of stock market like returns without the downside risk. Annuities are good when you need to plan for an income payout, which could be immediate or deferred.
A deferred annuity will build over time earning interest building value. Careful planning and reaching your goals should be talked over with a professional adviser.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Financial planning is not normally built upon the attributes of a single product. An indexed annuity provides some growth potential while eliminating loss. The company agrees to pay interest on the money in the annuity at the higher of 0% up to a percentage of the chosen index (S&P 500). There is another way these interest rates are computed but it is a slightly more aggressive product than a regular, guaranteed interest annuity.
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A deferred annuity will build over time earning interest building value. Careful planning and reaching your goals should be talked over with a professional adviser.