Annuities Offer Retirees Peace of Mind in Choppy Markets. But They Come at a Cost
May 21, 2020 by Ingrid Case
When the markets take a stomach-tightening dive, many investors head for the perceived safety of annuities.
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Wink’s Note to the Author: They are not “registered indexed annuities.” They are “structured annuities.” Indexed annuities cannot lose money as a result of market changes; structured annuities can.
Please review the National Organization of Life & Health Insurance Guaranty Associations.
Annuities actually come in TWO types: fixed and variable. Indexed annuities are a type of fixed annuity.
The comparisons to the stock market’s performance are disingenuous. Annuities are a risk transfer tool, not an “investment.” Stocks cannot guarantee a paycheck for life.